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?
I asked, “Hey what’s that folder about?” He responded, “I can’t remember what contract I am logging against, so I just carry them with me.” He was the Medical Director for an OB unit, had an on call agreement, and was president of the employed physician group. This is normal in a hospital system where one or several individuals are tapped to lead (the same poor suckers over and over again.) That paycheck is messy. Who’s tracking the hours, the units, when it’s paid, when the stipend runs out? Do you think it’s your physician partner, given their load of STUFF?
Calling all CFOs, revenue cycle leaders, and physician compensation specialists…When was the last time you sat down with your physician partners and walked them through the deal? At Ludi, we work with thousands of physicians and their assigned contracts with their hospital partners. The whole ball of wax takes an army of folks to handle and is fraught with issues.
