Definition
Refers to new ways doctors can be paid. Instead of just billing for each service, they may get paid for quality results, total care for a specific condition, saving money while keeping patients healthy, or being part of a coordinated care model.
What is Physician Payment?
Physician Alignment
What is the hospital and physician relationships desired to meet three objectives:
Maximize the population served
Emphasize quality outcomes
Focus on patient safety and the patient experience
The term refers to hospital and physician relationships desired to meet three objectives:
Maximize the population served
Emphasize quality outcomes
Focus on patient safety and the patient experience
What is Physician Alignment?
This happens when a doctor sends their patient to another hospital or clinic instead of staying within the same health system. For the hospital, this means losing patients and revenue.
Physician Employment
What is a quest to gain market share, hospital employment of physicians has accelerated in recent years to shore up referral bases and capture admissions?
The phrase refers to the national trend of solo- or small-practice physicians moving into employment with medical groups or hospitals for economies of scale and managed care contracting.
What is Physician Consolidation?
More hospitals are hiring doctors directly instead of relying on private practices. This helps hospitals keep patients in their system and makes it easier to coordinate care.
What is Physician Employment?
Physician Compensation Models
What is how doctors get paid?
The term used in healthcare business development to describe when primary care physicians refer patients to providers outside their system, rather than staying within their network.
What is Physician Leakage?
Doctors feel connected to their workplace, supported, and involved in decision-making. When doctors are more engaged, everything improves; patient care, staff morale, and overall performance.
What is Physician Engagement?
Physician Consolidation
What is the national trend of solo- or small-practice physicians moving into employment with medical groups or hospitals for economies of scale and managed care contracting?
Health organizations and systems have taken note that there are potential returns from having more engaged employees and their physician colleagues. Research underscores that when physicians are engaged their organizations tend to perform better, have higher satisfaction levels, lower turnover rates, and improved patient satisfaction scores and patient outcomes.
What is Physician Engagement?
Describes how doctors get paid. This could be a salary, payment based on how much work they do, or extra bonuses for quality or productivity. Pay varies by region and organization, and contracts may include things like work hours or how long it takes to become a partner.
What is Physician Compensation Models?
Physician Payment
What is
Pay-for-performance
Episodes of care
Shared savings
Advanced medical home
Pay-for-performance
Episodes of care
Shared savings
Advanced medical home
What is Physician Payment?