Physician Compensation

An archive of all posts categorized under “Physician Compensation” in the Ludi blog.

Cityscape of the Chicago skyline with tall, illuminated buildings reflecting on a calm river at dusk, featuring a prominent central skyscraper and boats moored along the waterfront

6 Trends Top of Mind for Health Systems: Insights from Becker’s CEO + CFO Roundtable

What a whirlwind experience at the Becker’s Healthcare CEO + CFO Roundtable in Chicago! It was a fantastic opportunity to connect with clients, future partners, and fellow healthcare leaders. I also had the privilege of speaking on a panel moderated by Scott Becker, where we explored CEO + CFO hospital strategies – and I’m excited […]

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Las Vegas Skyline

Exploring the ‘Next Frontier in Health’: 4 Takeaways from HFMA’s Annual Conference

Lady Gaga and The Dead may be headlining shows in Vegas these days, but that’s not why my colleagues and I were there last week. As a sponsor and exhibitor at the Healthcare Financial Management Association (HFMA) Annual Conference, the Ludi Team experienced the city’s glitz and glamour in a different light. We were excited

Exploring the ‘Next Frontier in Health’: 4 Takeaways from HFMA’s Annual Conference Read More »

Introducing DocTime Productivity 2.0

Transforming Provider Compensation Management for Healthcare Sustainability We are operating in an era of unprecedented financial and operational challenges for healthcare: 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 With over 77% of physicians now

Introducing DocTime Productivity 2.0 Read More »

Healthcare analytics concept with a physician holding a pencil, typing on a laptop, with charts and a stethoscope in view

5 Misconceptions About Physician Payment Automation

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

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New OIG Compliance Program Guidance: 4 Key Takeaways and the Impact on Hospital-Physician Relationships

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

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Medical concept featuring a stethoscope and placed on a calendar against an aqua blue background

5 Key Steps to Successfully Managing a Physician On-Call Strategy 

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

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Skyline of Nashville after a storm

The Challenging World of Provider Compensation: 5 Takeaways from AAPCP’s Annual Conference

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…

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Medical stethoscope twisted into a heart shape lying on patient medical history form and blue medical scrubs

Physician Payment Automation: 3 Steps to Evaluate Your Hospital’s Options

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

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Close-up of a pink porcelain piggy bank with a vintage hourglass behind, concept of saving money and passing time

How to Set Up and Manage Hospital-Based PSA Contracts That Save Time and Money

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 »

Pastel hued post it notes set on a wooden surface with a question mark inside each note

The Right Questions to Ask When Managing Physician Compensation, and Why All the Cool Kids Are Doing it

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

The Right Questions to Ask When Managing Physician Compensation, and Why All the Cool Kids Are Doing it Read More »

Exterior of a hopsital Emergency Room at dusk

Gallbladders & Physician Strategy. Getting a ‘Penthouse View’ of Physician Alignment

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

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Young physician looking at mobile device representing medical directorship contracts

How to Create the Optimal Medical Directorship Contract for Your Physicians

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 »

Image of a hand dropping a penny into a jar of coins with a blooming plant depicting physician spend or physician pay

Stop Stepping Over Stacks of Money with Your Physician Spend!

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 »

Hospital administrators and physicians greeting one another

Thanks For The Check. What’s It For? Are You Paying Medical Directors That Don’t Know They’re Medical Directors?

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?

Thanks For The Check. What’s It For? Are You Paying Medical Directors That Don’t Know They’re Medical Directors? Read More »

Tips and Tricks with Physician Arrangements

Tips and Tricks: Using Market Data to Establish Payment Rates for Physician Agreements

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,

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Discover our key insights from the recent Becker's CEO + CFO Roundtable in our latest blog post.