Skip to main content

Summit Spotlight | Aligning Practice and Physician Incentives in New Compensation Plans

Description

Experience the excellence of the 2024 MGMA Summit by watching this year's highest-rated sessions! Delve into the wealth of valuable insights and seamless organization that made our online conferenceĀ a standout experience, ensuring you don't miss a moment of inspiration.

Description
A fundamental shift in physician compensation is beginning to take shape as more practices discover the impact of value-based care models. Practices need innovative, data-driven strategies that align provider incentives for continued productivity along with evolving value-focused objectives that balance quality, patient risk, and cost containment goals. This session will explore value-based reimbursement methodologies and how practices can provide the right data to providers to support maintaining high levels of productivity while maximizing provider compensation and practice revenue. The speakers will share best practices for gaining acceptance from providers when updating compensation plans. The session will cover practical ways to approach modeling new compensation plans ahead of the go-live and how to support providers as they adjust to earn at their desired compensation level. Attendees will walk away with leading-edge, data-driven tactics to help their practices systematically prepare for compensation plan migrations that maintain productivity and provider satisfaction while keeping the practice in a position of financial strength.

Learning Objectives
This 60-minute webinar will provide you with the knowledge to:
  • Discover the impacts to practice patterns and reimbursements from value-based care models
  • Use strategies to migrate from current volume-based models to emerging value-based provider compensation models
  • Apply data-driven techniques that maintain provider productivity while also keeping a focus on quality and costs

Contributors

  • Russell J. Hendrickson

    President & CEO, Practical Data Solutions

    Russell J. Hendrickson, CEO, assists healthcare organizations in amplifying their use of analytics, data visualizations, and enterprise-level data warehousing. His innovative approaches play a pivotal role in propelling organizational performance improvements, especially when addressing intricate challenges in healthcare. Hendrickson is actively involved in the evolution of technologies, emphasizing practical approaches to best practice data-driven analytics. With over 25 years in management and healthcare, he has traveled nationally to collaborate with clients and present at both regional and national healthcare conferences.

  • Scott S. Everitt, MBA

    Vice President of Healthcare Solutions, Practical Data Solutions

    Scott Everitt, MBA, serves as the Vice President of Healthcare Solutions at Practical Data Solutions. With over two decades of experience in the healthcare sector, Scott has held key leadership positions in finance, clinical operations, revenue cycle management, patient access, and physician practice management. As the Vice President of Healthcare Solutions, he has notably enhanced operational and financial processes for clients. He is also a regular presenter at major healthcare conferences, webinars, and webcasts.

May 23, 2024
Thu 1:00 PM EDT

Duration 1H 0M

Register Already Registered?
Webinar Support
877.275.6462, ext. 1888