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Comp Breakout Sessions

Comp Breakout Sessions. Andrea M. Gavin, M.D. Annual Market Competitiveness Review Process. Compensation Philosophy Setting Physician Rates. Comp rates targeted at 105% of market median rates by specialty Basis of comp can be wRVUs, salary, per shift, or per hour

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Comp Breakout Sessions

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  1. Comp Breakout Sessions Andrea M. Gavin, M.D.

  2. Annual Market Competitiveness Review Process

  3. Compensation PhilosophySetting Physician Rates • Comp rates targeted at 105% of market median rates by specialty • Basis of comp can be wRVUs, salary, per shift, or per hour • National survey values from AMGA, MGMA, and Sullivan Cotter • Source of wRVU values in 2019 is CMS 2018 – updated annually • Market competitiveness review completed annually

  4. Compensation Plans • Standard Three Tier wRVU Comp Plans • Salary base plus plans • Shift/hourly based plans • Production pool plans

  5. Non-Standard Production Plans • Anesthesia • Cardiology • Critical Care • Emergency Medicine • General Surgery Nonstandard Plans • Hematology / Oncology • Hospitalists • Infectious Disease • Maternal & Fetal Medicine • Occupational Medicine • Radiology • Urgent Care

  6. Dermatology Family Medicine (without OB) Gastroenterology Optometry Ophthalmology Internal Medicine: General Orthopedic Surgery: General Internal Medicine: Pediatric Otorhinolaryngology Nephrology Podiatry: General Neurology Surgery: General OB/GYN: Urogynecology Urology Pain Management: Non Anesthesia Anesthesiology: Pain Management Pediatrics: Gastroenterology Chiropractic Pediatrics: General OB/GYN: General Pediatrics: Neurology Surgery: Vascular (Primary) Physiatry: Physical Medicine & Rehabilitation Pulmonary Medicine: General Psychiatry: Child & Adolescent Allergy/Immunology Psychiatry: General Cardiology: Non ACS- Invasive Rheumatology Cardiology: Non ACS- Noninvasive Surgery: Neurosurgery Endocrinology/Metabolism Surgery: Thoracic (Primary) Family Medicine (with OB) Standard Three Tier wRVU Comp Plans

  7. 3-Tier Rate Setting ExampleInternal Medicine - General

  8. Physician Compensation Team • Monitors and maintains Access databases built for both Physicians and APCs • Databases used to evaluate and administer Compensation plans, FTE levels, stipend, call, regular pay calculations, and protected non-production compensation • For Market/Service Lines, prepares reports and data requests from analysts with corresponding analytics • Physician Compensation provides data, analytics and support for approved projects • Annual compliance reporting • Help answer your questions

  9. Non-wRVU Compensation Payment Policy

  10. Questions?

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