Hospitalist & Practice Solutions 42 Silver RidgeVeazie, ME 04401
Tel: 207-949-2319
> Services · Deliverables > Compensation Plan

Compensation Plan Assessment and Creation

Many hospitalist programs are moving away from a straight salary-based model for hospitalist compensation. Other compensation options include a combination salary-incentive plan (also referred to as a bonus plan), which is very popular, and a straight productivity-based plan (full risk assumption by the physician). If your program is transitioning to a salary-incentive based compensation plan or if the hospitalists are underachieving, HPS can create an incentive plan to address your needs. We have extensive experience creating provider incentive plans. We can tailor the plan to address the delivery of quality care, provider productivity, teamwork, coding, chart documentation, good citizenship, etc. Our plans are innovative, support teamwork, and align the vision and goals of the hospitalists with key stakeholders.

The incentive plan will define provider performance standards. This allows the practice to clearly delineate hospitalist performance expectations, change behaviors, and develop a culture throughout the practice that is consistent with the mission, objectives, and values of the organization. The incentive plan also empowers physicians to maintain an active role in the practice management aspect of medicine.

HPS can also assist your program in developing a provider salary structure. We will base our recommendations on national, regional and local comps. We will also analyze practice data and take into consideration your practice ownership model. Our assessment provides your group with the projected financial subsidy required to maintain a thriving and successful practice. We will also provide contractual recommendations protecting your return on investment.   

Whatever vehicle you choose, HPS will work with you to effectively implement the desired plan.

* The compensation plan assessment can be offered as a stand alone service or in conjunction with other services we provide.


Compensation and Incentive Plan Implementation Assistance

HPS is dedicated to providing your hospitalist practice with services that ensure longitudinal success. We are aware that supplying tools and strategies may not be sufficient to guarantee success... read more

12 month follow up review and analysis

HPS can also provide a 12-month review and analysis to maintain focus on and momentum of the recommended initiatives. This service can be provided remotely. In some instances a follow-up site visit may be appropriate.

Books and Accomplishments

Hospitalist Recruitment and Retention Click here to find out more about Ken Simone's many books and accomplishments.

Testimonials

As a busy primary care physician, a comprehensive and well functioning hospitalist program makes it easier for me to provide the best care for my patients...
Read More from Thomas D. Hayward, MD FAAFP

Dr. Simone has credibility with multiple stakeholders, given his background as a hospitalist, a program director, and a referring physician. He was able...
Read More from Paul Reber DO

"We had decided to bring in a consultant to perform an operational assessment and to assist us with Strategic Planning aimed at expansion of our Hospitalist program. We wanted a physician consultant who was capable...
Read More from Scott C. Phillips

I am very happy to provide you with some feedback on Dr. Simone. We Initially engaged Dr. Simone back in March of this year to assist us in evaluating our hospitalist program...
Read More from Scott C. Phillips

Dr. Kenneth Simone was an integral part of the original consulting team that assisted our 130-bed rural hospital in its decision to form a hospitalist program...
Read More from Robert Ferber, MD

Using a consultant is never an easy decision for me. When looking at our hospitalist program in the spring of 2007 I knew I needed help. It is difficult as an administrator to influence a practice of busy physicians...
Read More from Brenda Blain CNO, COO

Dr. Simone has done an excellent job as Administrative Director for our hospitalist service. He not only thoroughly understands the administrative requirements...
Read More from Donald W. Krause, MD

Dr. Simone was the original architect of the St. Joseph Hospitalist program which began in January of 1996. It was the first such program...
Read More from Wayne Woodford

I have had the opportunity to work with Dr. Simone on two separate projects. Both projects were comprehensive evaluations of existing hospitalist programs that were experiencing growing pains. It is obvious that Dr. Simone is an expert in his field....
Read More from Kerry Swanson

© 2010 - 2014 Hospitalist and Practice Solutions. All rights reserved.
Content managed with datAvenger ™ by sephone internet solutions.