Medical directorships have evolved a lot at hospitals and health systems over the past several years, and pay-for-performance strategies for medical directors are on the rise, according to an article at Integrated Healthcare Strategies.
According to Integrated Healthcare Strategies' 2011 Medical Director Survey, 26 percent of hospital leaders said they used some type of pay-for-performance component in the medical director compensation plans. Many healthcare organizations are also tying physician pay to patient satisfaction.
"Medical directors have become highly involved in such activities, including acting as a liaison between the medical staff and hospital management, supervising JCAHO accreditation processes, leading new program development and implementation, assessment of capital equipment, etc.," according to Adam Schmidt, a senior consultant at Integrated Healthcare Strategies and author of the article. "While this practice [of P4P] is becoming more popular, it is not yet know what will be the preferred structure and application of these incentives."
According to Integrated Healthcare Strategies' 2011 Medical Director Survey, 26 percent of hospital leaders said they used some type of pay-for-performance component in the medical director compensation plans. Many healthcare organizations are also tying physician pay to patient satisfaction.
"Medical directors have become highly involved in such activities, including acting as a liaison between the medical staff and hospital management, supervising JCAHO accreditation processes, leading new program development and implementation, assessment of capital equipment, etc.," according to Adam Schmidt, a senior consultant at Integrated Healthcare Strategies and author of the article. "While this practice [of P4P] is becoming more popular, it is not yet know what will be the preferred structure and application of these incentives."
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