Are you struggling with managing physician contracts and compensation?
It doesn't have to be that way.
Many hospitals are looking to close a critical operational gap in their organization: how to pay their physician partners more easily. And it makes sense. Managing physician compensation can be very complex and time-consuming for hospital teams.
Our team can help. Complete form below to connect with us.
Why is Paying Physicians So Challenging?
Here are the top factors that make physician payments complex:
- Manual documentation collection, approval and payment processes
- Disparate departments with limited communication
- Rigorous regulatory documentation requirements
- Complex contractual arrangements
- Complex calculations and payment methodologies
Ludi recently conducted a survey of hospitals regarding their physician compensation processes. Here's what they had to say:
Nearly 50% of hospitals are concerned with accurately paying doctors.
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68% of physicians said hospitals should alleviate administrative burden to increase their overall satisfaction
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80% of hospitals agreed better technology can help address admin burden on doctors
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What are the Benefits of Physician Compensation Software?
Physician compensation software can help:
- Automate and streamline physician contract processes that are paper-driven and time-consuming
- Reduce administrative time processing physician payments
- Increase visibility into payments in one source of truth system
- Heighten compliance safeguards
- Improve satisfaction of physician staff
How Can Ludi Help?
Ludi makes it easier for hospitals to pay their physicians. DocTime® Suite automates the payment process for any type of physician arrangement, from a signed contract all the way through to payment by offering:
- A single integrated solution to manage any type of compensation arrangement (wRVU, medical directorships, on-call, teaching, etc.)
- An easy-to-use tool for physician documentation of time logs
- Automated approvals and payment calculations
- Executive-level reporting and visibility into provider payments
- Safeguards to ensure compliance with Fair Market Value and regulations like Stark Law
Connect with the Ludi Team
About Ludi
Ludi, Inc. is a healthcare technology company making it easier for hospitals to pay physicians. Ludi’s DocTime Suite automates the payment process for any type of physician arrangement, from a signed contract to payment. We’re trusted by hundreds of hospitals nationwide to simplify how they pay their physician teams.
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