Over 2021 we published several action-oriented papers and articles to help our readers address their compensation-related challenges and pain points. Explore more about top provider compensation & contract management white papers & case study.
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Provider Compensation & Contracting: A Look Back at 2021
1.
2. Introduction
● 2021 a challenging year in the world of provider compensation management for health
systems, medical groups, and other healthcare organizations.
● Organizations are evolving beyond the capability of their current compensation process.
● Compensation for providers grows more complex in both design and administration.
● Forward-looking technology and automation can unleash the full potential to improve from
provider turnover to revenue generation to compensation error rates.
● These are challenges that we at Hallmark Health Care Solutions (HHCS) have spent the
whole year focused on solving.
3. 5 Significant Factors That Affect Physician Compensation
● Need for healthcare organizations and
medical groups to adopt consistent,
structured, and strong provider pay
practices.
● Technologically intelligent processes to
ensure compliance & accuracy.
● Transparency for provider satisfaction and
retention.
4. How Next-Gen Physician Compensation Data Reporting Offers Visibility and Insight
● Compensation is one of the most powerful
tools in recruiting and retaining physicians
and other providers.
● It can be a key factor in whether health
systems, hospitals, and medical groups
successfully meet organizational goals.
● Spreadsheet approach to compensation
handling is so prevalent.
● A source of truth solution with
next-generation reporting offers more
visibility & insights.
5. 5 Ways Physician Compensation Solutions Help in Optimizing Staffing
● Staff optimization and productivity
enhancement are high priorities for any
healthcare organization.
● To achieve the outcomes, providers and
compensation administrators – must
have quick and easy access to all key
information.
● An end-to-end automated solution
improves the overall efficiency and
empowers resources to maximize their
value.
6. Idaho-based Health System Generated Huge Efficiencies
● Intensely manual compensation process
had begun to create problems as they
added new providers.
● HII PC(Physician Compensation) help them
to strengthen provider relationships, make
compensation management more
efficient & reduce costs.
● By using HII PC system has saved more
than 30% of spent by using HII PC.
7. Kentucky-based Health System Improved Accuracy, Transparency & Operational Efficiency
● Health system handled almost all
compensation-related functions in excel
previously.
● Using spreadsheet not possible to
minimize any risk of error and it’s time
consuming as well.
● Whereas Heisenberg II ensures to
reduce management cost and also
objective was to minimize any risk for
error.
8. For Added info, Read the blog from Heisenberg II
Provider Compensation & Contracting: A Look Back at 2021