ADVANCING PHYSICIAN COMPENSATION FROM SPREADSHEETS TO STRATEGY

Posted on March 6, 2024

The traditional use of tools like Excel for calculating and creating physician compensation reports is becoming increasingly fraught with complexities and hidden costs. This becomes even more apparent as healthcare practices rapidly transition toward more dynamic and data-driven operational models. Join us for an informative webinar that explores the challenges and real costs of relying on conventional methods for managing physician compensation analytics.

In this session, we will explore the critical need for healthcare organizations to adopt advanced data-driven strategies to model and adapt physician compensation plans accurately. With a focus on aligning provider incentives and the evolving objectives of value-based care, we will discuss innovative methodologies to project and align physician compensation with practice initiatives, ensuring both provider satisfaction and practice financial health.

Key Takeaways:

• Discover the limitations of traditional tools like Excel in handling the nuances of modern physician compensation plans and the potential risks they pose to accuracy and efficiency
• Learn how to leverage data-driven analytics to provide timely, relevant data to physicians and management, fostering a culture of transparency and trust
• Promote productivity through the effective communication of compensation plans and performance metrics
• Gain insights into the best practices for modeling new compensation structures that align with strategic objectives and value-based care models

Who Should Attend:
This webinar is designed for healthcare executives, financial officers, HR professionals, and anyone involved in the planning, calculation, and communication of physician compensation within healthcare organizations.

Join us on March 27, 2024, at 12:00 PM ET (NYC) as Russell Hendrickson, CEO, and Scott Everitt, MBA, VP of Healthcare Solutions at Practical Data Solutions, unveil the hidden costs and challenges of traditional compensation tools.


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