An archive of all posts categorized under “Physician Compensation” in the Ludi blog.
Automation can be a boon to your hospital’s administration, as well as a major time saver. We all want technology to help us do our jobs better and faster. Yet, there are some misconceptions when it comes to automation, and, in particular, physician payment automation. At Ludi, we have found that the implementation process is […]
5 Misconceptions About Physician Payment Automation Read More »
On November 6, 2023, the Office of Inspector General (OIG) overhauled its General Compliance Program Guidance (GCPG) after many years. This long-awaited resource is already making a big splash in the health care compliance community. There are two ways to think about the GCPG. On one hand, it represents a comprehensive reference guide for health
Managing on-call physicians poses challenges for hospitals. Staffing certain specialties 100% of the time is not necessary, which is why on-call services are essential. In addition, hospitals negotiate separate payment terms for on-call physicians. All of this makes managing on-call complex and time-consuming, increasing administrative burden on hospital teams. Here are 5 key steps to
5 Key Steps to Successfully Managing a Physician On-Call Strategy Read More »
The American Association of Provider Compensation Professionals (AAPCP) held its annual event last month in Ludi’s hometown of Nashville, TN. It was a great gathering that included hundreds of participants from health care organizations across the country. Here, we’ll cover the 5 key takeaways…
As we move into 2024, a critical focus for hospitals will be to cut costs, increase operational efficiencies and improve physician satisfaction. One way for hospitals to achieve this is by simplifying physician payment processes, which are often manually taxing, time-consuming, and come with both financial and compliance risk. Even in a recent survey from
Physician Payment Automation: 3 Steps to Evaluate Your Hospital’s Options Read More »
In the world of hospital payments, PSA refers to a physician service agreement. These types of contracts are a form of alignment between hospitals and physicians, although the physician is not employed by the hospital. PSAs can be with an individual physician for something as simple as a medical directorship, or it might be with
How to Set Up and Manage Hospital-Based PSA Contracts That Save Time and Money Read More »
Remember in high school, the group of cool kids everyone really admired? They wore cool clothes and always found a way to make eating lunch cool, too. The reality is, those kids were interesting, but the kids I’m referring to were the ones who asked probing questions. The ones who brought new insights into the
Yes, it sounds strange, right? Physician advocate blogger writing about her long-lost gallbladder and physician strategy connections. I tend to run pretty hard, and let’s face it, so does anyone working in health care these days. Whether you deliver the care or administrate the setting with which the care happens, your hair is on fire
Gallbladders & Physician Strategy. Getting a ‘Penthouse View’ of Physician Alignment Read More »
Managing and tracking physician agreements creates a tedious process for most hospitals, but it’s also a mission critical process that ensures physicians are paid accurately and on time. With COVID-19 dramatically impacting hospital operations, hospitals are discovering that their current processes for documenting physician work are insufficient, resulting in not only delayed payments to the
Hospitals need physician partnerships in administrative leadership, so many provider organizations often choose arrangements known as “medical directorships” to help fulfill this work. These arrangements designate a physician leader to be responsible for a number of activities related to the delivery of medical care and clinical services. The “activities” typically include: Cost management Utilization review Quality assurance
How to Create the Optimal Medical Directorship Contract for Your Physicians Read More »
As hospitals cut costs in every area, one of the last remaining protected buckets is physician contracts. What if I told you that you can cut 1% off your total spend this next year. Would you believe me? There are three solid ways to cut your spend, and actually, with data, all can be relatively painless.
Stop Stepping Over Stacks of Money with Your Physician Spend! Read More »
Working with all sizes of hospitals and their physician partners at Ludi, I see a lot of interesting things. Once, I met a Chief Medical Officer that carried around his physician agreements in a folder that had an orange stain on it. The stain was reminiscent of cheese puffs, but who am I to judge?
It’s a dance we all do. Too many issues, so little time, and a bit of numbness takes over in all of our lives. If you are at the helm of a large health care system, ignoring issues can see like the only way to survive. Let’s just say that strategic placement of a business
Physician Spend: What You Are Ignoring Will Bite You Read More »
With this kind of title, I bet you were thinking, “Hey, there is going to be a trick!” Well, there’s not a really a trick. But, we do have a tip: Use market data to establish physician payment rates. There it is. The straight story from someone who is not in the business of producing,
Tips and Tricks: Using Market Data to Establish Payment Rates for Physician Agreements Read More »
Assess your medical directorship strategy's strength & identify compliance risks with a 5-min self quiz.
