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Provider Compensation & Contracting- A Look Back at 2021

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

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  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. For Added info, Read the blog from Heisenberg II Provider Compensation & Contracting: A Look Back at 2021

  8. Thank You Heisenberg II 200 Motor Parkway, Suite D-26, Hauppauge, NY 11788 Call us: (855) PHYSCMP (749-7267)

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