How Innovative Hospitals Are Simplifying Physician Payments with Automation
The U.S. hospital industry, mobilized with unprecedented speed in the battle against COVID-19, is quickly implementing new programs, technology and protocols to treat and protect patients. However, in the wake of this response, hospitals are also grappling with a critical operational gap: How to pay their physician partners.
Why? Because the processes that support physician compensation at many hospitals are inadequate and outdated. This causes operational bottlenecks, heightened compliance risk and a reduction in physician satisfaction and financial ROI.
To address these issues, many hospitals plan to invest in physician payment automation technology. But what is physician payment automation technology? How can it solve the physician pay dilemma? And why have other technology solutions, such as contract management systems, failed in this area?
Our latest white paper takes a deep dive into the complex world of physician compensation strategies and the critical pieces of technology infrastructure that's revolutionizing the way that doctors get paid.
What You'll Learn
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At the end of the month, I used to look at the big stack of physician paper time logs overcome with nausea. DocTime Log has replaced the paper with a streamlined process and approving and processing payments is easy. Our physicians appreciate the transparency.
Sometimes we have technical solutions that don’t get adopted because they don’t work for the physician. I have been very pleased we have not received one physician complaint with DocTime.
DocTime Log is a wonderful tool for both contract compliance and financial tracking. The physicians have found it very intuitive to use and have improved the quality of their monthly submissions. I would highly recommend!
We now have legible, concise physician time logs. It has saved me so much time from hounding physicians to turn in their time logs and the 5-10 hours each month I spent reviewing and submitting them is now 20 minutes.
DocTime Log saved my team - who uses DocTime Log to pull Medicare Cost Report Data - weeks of work.
Ludi’s DocTime Log literally pays for itself. The quality of our physician time documentation has improved and is now consistent in format.
physician contracts reviewed
$ 0 M
in physician payments processed
average ROI for clients