Physician Contract and Compensation Alignment
Learn how Performance Suite can help organizations streamline physician contracts and ensure accurate compensation delivery.
Health care organizations frequently rely on a mixture of physician-hospital affiliation relationships that cover both employed and non-employed physicians. Accessing and managing these highly variable, and often hard copy, physician contracts and linking them to compensation commitments is difficult.
By connecting with contract lifecycle management systems, Performance Suite increases visibility by directly connecting these contracts to compensation. This centralized and transparent platform facilitates mutual awareness and understanding of contract promises and decreases the legal risk of unmet obligations.
Key Features & Benefits
- Audits and proactively addresses variances between calculated compensation and contract requirements.
- Increases efficiency by streamlining stakeholder actions throughout the entire contract lifecycle.
- Alerts team to contract terminations to proactively foster renegotiations.
- Notifies compensation team of newly hired physicians automatically.
- Supports system-wide physician contract compliance with an enterprise-ready solution.
- Creates visibility into contracts, including all amendments, for the compensation team and individual physician.
- Enables the organization to identify triggers in contract variability and take appropriate action through dynamic visibility between contracted and earned compensation.
- Improves mutual awareness and understanding of contract commitments and negotiations between administrators and physicians.
“Performance Suite will now enable us to automatically deliver extensive supporting documentation with drill-down capabilities for our clinicians to access any time they want. Providing this visibility and transparency is critical as we navigate an increasingly complex and rapidly changing health care environment.“
Value by Stakeholder
Administration
- Reduces errors and creates administrative efficiencies through a single, automated system containing both physician compensation and contracts.
- Ensures all parties receive necessary information through secure user access.
- Creates cloud-based document storage for reliable and secure record keeping.
- Audits to proactively manage any contracted compensation changes
Physicians & APPs
- Helps improve provider engagement and trust that contractual commitments are being met through increased transparency.
- Forms a single source of information for personal contract and pay data.
Leadership
- Reduces legal risk by ensuring contract obligations are met.
- Increases retention by enabling transparent visibility into contract terms and compensation programs.
- Builds trust with clinical workforce through proactively addressing renewals and changes in contracted compensation.
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Why Your Organization Needs Physician Contract and Compensation Alignment Software
In today’s competitive healthcare landscape, aligning physician contracts and compensation is essential for attracting and retaining top talent. Our Physician contract and compensation alignment software streamlines the process of managing contracts, ensuring regulation compliance, and facilitating transparent compensation structures.
This software allows organizations to easily analyze compensation data, identify discrepancies, and implement fair practices, ultimately promoting a healthier workplace culture. Additionally, with robust reporting features, healthcare providers can make data-driven decisions that optimize resource allocation and improve operational efficiency. By investing in such software, organizations can enhance physician satisfaction and foster long-term stability in their workforce.
For more information about our physician contract and compensation alignment solution, contact us.