Reaching Your Peak Performance
Effective Compensation Plans Designed to Encourage Optimal Performance

At PivotHealth, we do not just advise our clients on physician compensation plans; we live with them!  Our extensive experience includes designing, implementing, revitalizing and administering physician compensation plans that support group goals within an ever changing practice environment. This requires balancing and rebalancing factors including clinical quality, patient satisfaction and business growth.

We focus on several key elements:

• Core Principles: fairness, shared risk/reward, clear performance metrics, etc.
• Creativity: to match the uniqueness of the medical group
• Future Plans: to ensure the physician compensation plan supports the medical group’s goals and approved future direction
• Simplicity: to ensure physician understanding and acceptance, create ease in administering, and emphasize links between performance and compensation
• Aligned Incentives: to create the economic rewards program that encourage performance and achievement in both clinical quality and operational excellence in keeping with both group and individual goals
• Physician Involvement: all successful plans evolve with significant physician participation
• Effective Communications: with physicians, both during and after the plan redesign phase
• Ongoing Review: to ensure physician compensation plan functionality, fairness and appropriateness, usually via a physician-administration shared committee, appointed and empowered by the medical group Board of Directors

PivotHealth’s experience in physician compensation plan design, implementation and/or management includes:

• Single specialty groups
• Multi-specialty, physician-owned groups
• Multi-specialty and single specialty groups owned by health plans or hospitals
• Fee-for-Service and Capitated revenue groups, and groups with a mix of both

PivotHealth will work with your physicians to develop a plan that is right for your group. More importantly, we know how to facilitate a smooth transition from the existing plan to the new plan with minimal disruption within the group.

Click here to request more information about Physician Compensation Plans.