Six questions to assess your physician incentive plan
Six questions to assess your physician incentive plan
Here are some basic questions reimbursement expert Kent J. Moore recommends as a fast assessment of how effective and fair is your group’s compensation plan is.
• Does the system measure what it says it does? For example, is it truly measuring quality or just processes? "There should at least be a strong correlation between what is actually measured and what is supposed to be," Moore stresses.
• Do the measures account for outliers? In other words, are they adjusted to account for confounding factors such as patient mix? For example, if a provider’s patient mix is largely Medicare, utilization rates naturally will be higher than those for a colleague who cares for mostly younger patients.
• Will the measures be revised as new information becomes available? Measures should be changed as needed based on the finding of new clinical research or other data.
• Are the areas being measured within your doctor’s control?
• Are physicians involved in defining the measures? Physician input is critical to developing an effective incentive plan because physicians best understand their work and what motivates them.
• What is the baseline? For example, is individual physician productivity judged by that of other members of your group, national data, or some arbitrary number?
Subscribe Now for Access
You have reached your article limit for the month. We hope you found our articles both enjoyable and insightful. For information on new subscriptions, product trials, alternative billing arrangements or group and site discounts please call 800-688-2421. We look forward to having you as a long-term member of the Relias Media community.