Provider compensation often represents more than 50 percent of a hospital’s budget. However, amidst rising administrative costs, shifting OIG compliance directives, fluctuating market rates and reliance on temporary staffing, the management of compensation has become increasingly complex. This complexity is further compounded by the risk of payment calculation errors accumulating over time. This webinar will describe the challenges of provider compensation and the steps organizations can take to achieve a positive ROI on their investment. Learn first-hand from hospital executives who have developed a financially viable and compliant strategy.
Describe the impact of market rate trends on provider compensation, and the recent regulatory updates from the OIG Summarize important steps to streamline the administrative processes of compensation management
Outline the process of leveraging financial data to evaluate the success of your compensation strategy
Apply lessons learned from a hospital CEO and Chief Compliance Officer who automated their organization’s compensation management, boosting provider satisfaction and ROI
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