PracticeLink Magazine

FALL 2014

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

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FALL 2014 | 55 bonus incentives with quality has been formalized and perhaps accel- erated. Evenson counsels physi- cian groups to begin adjusting their compensation plans to refect alignment with quality. "Just be prepared," Evenson says. "Find a quality incentive or metric that as an organization you can agree upon." This helps all of the provid- ers in the group begin to understand how quality incentives will work in the future. "You can easily change the metrics to align with reimburse- ment structures," he says. Physician incentives based on quality measures must be meaning- ful, however. During the transition phase, as percentage of revenue based on fee-for-service, capitation and risk evolves, determining fair compensation plans may require the type of economic education Song has acquired. According to Howell, every group sets up its own method of quality incentives. "There's no standard- ized formula," she says. "The metrics may be different and incentives often are not aligned." Each physi- cian group and health plan may have different incentives on which they base risk or bonuses. "Let's say fu vaccine is a measure," says Howell. Two health plans a group contracts with might set different weights for the incentive, and a third plan may not incentivize for fu vaccines at all. This makes it really diff- cult for physician leaders to design compensation incentives for their physicians' performance on patient fu vaccines. The complexity of physician reimbursement and compensation plans already has contributed to many physicians preferring salary or salary-plus-bonus compensation models to private partnership tracts. What's valued under the new model? Individual physicians, especially those just starting to practice, have to ride the moving target during the transition from volume- to Love what you do (and who you work for). CareerLink is more than a job board — it's a powerful, interactive job search engine dedicated to family physicians. Find it at Work.Life.Balance. Continued With the ACA, a trend toward aligning physician payment or bonus incentives with quality has been formalized and perhaps accelerated.

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