Transforming Provider Compensation Management for Healthcare Sustainability
- Hospital labor costs have surged 24.8% since 2019¹
- Contract labor expenses have skyrocketed by 257.9%¹
- A projected physician shortage of up to 124,000 by 2034 threatens care quality²
Health systems across the United States are investing heavily to streamline their internal processes, equip their clinical teams with tools that align with value-based reimbursement, and build multi-disciplinary teams to foster collaborative physician relationships through trust and transparency.
DocTime Productivity 2.0 builds on our core strengths with these powerful new features:
1. Comprehensive Provider Analytics
Gain valuable insights through intuitive dashboards showing payment breakdowns and productivity and quality metrics for each provider, with comprehensive reports to assess individual, group, and system-wide productivity.
2. Advanced Payment Calculation Engine
Our robust system automatically calculates precise payments and true-ups based on each provider's specific comp plan terms, handling any type of production-based payment. Users have full control to add, edit, or delete new compensation plans in a self-service, intuitive payment wizard.
3. Intelligent Integrated Productivity Workflows
We've streamlined data review, contract ingestion, approval workflows, comp statement distribution, and more.
4. AI Integration
We’ll introduce advanced AI capabilities throughout DocTime as part of our ongoing commitment to leverage cutting-edge innovation to improve efficiency and deliver unparalleled value to our clients.
DocTime Productivity 2.0 is more than just a tool – it’s our vision for the future of provider compensation management where any type of arrangement with a physician can be tracked and managed in a system that works for all stakeholders. We’re creating a world where:
- Healthcare organizations navigate complex compensation models with ease and confidence.
- Providers feel valued and fairly compensated, boosting satisfaction and retention.
- Financial teams own their own data with tools to make strategic decisions ensuring long-term sustainability.
We invite you to join us on this transformative journey. Together, we’ll build a more transparent, efficient, and satisfying compensation process that benefits both healthcare organizations and providers.
Ready to learn more?
Stop by our booth #454 at HFMA to learn more about this game-changing capability and how it can benefit your organization. Also, sign up to be notified about the launch!
Let’s shape the future of provider compensation together. Your insights and experiences are crucial as we continue to refine and expand our solutions. We look forward to partnering with you on this vital mission.
1 Kaufman Hall. (2023). “National Hospital Flash Report: February 2023.”
2 Association of American Medical Colleges. (2021). “The Complexities of Physician Supply and Demand: Projections From 2019 to 2034.”
3 Avalere Health (2024). “Updated Report: Hospital and Corporate Acquisition of Physician Practices and Physician Employment 2019-2023”<br>
4 Definitive Healthcare (2023). “Healthcare Insights: What is a Hospital’s Biggest Expense?”
