Benchmarks and Physician Compensation What You Need to Know

Hospitals, health systems and physicians alike rely heavily on industry benchmark data. However, improper use of the benchmark data can lead to ineffective compensation models and compliance concerns. The key to an effective compensation strategy is understanding the market trends and the impact they have on your organization as well as properly using all available resources. We highlight issues we see within the industry as well as new issues arising in the benchmark data due to the paradigm shift from volume to value.

Learning Objectives:
• Proper use of survey data within compensation arrangements
• What the survey data truly reflects
• New issues within the data due to the rise of value-based incentives
• The future of wRVUs and other benchmark data

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