Tag Archives: physician compensation

Part 11 of 12 – A Dollar Saved is Two Dollars Earned but Two Dollars Earned is Twenty Dollars Saved – Here is How

supply and drug costs will vary by specialty so the assessment must be conducted at the specialty level…

Part 10 of 12 – When Cash is King, Lower All Your Practices Expenses as Much as Possible – Here is How

The value of the opportunity for savings on services is calculated by identifying your current cost to revenue for services and comparing it to…

Part 9 of 12 – Practice Survival 101 (or maybe 501!): Optimize Provider Compensation – Here is How

Setting a target for provider pay per wRVU will require balancing the need to be competitive in attracting and retaining providers while maintaining a strong…

Past, Present, and Future of Teams Working Remotely

Two friends are making a difference with their inspiration and innovation, thought I would share.

First, Brian Jones recently posted a short one and a half minute inspiring video that puts what “Great Teams” do when facing adversity and uncertainty. Though I can’t explain exactly how it made me feel other than to say, it reminded me of our innate human ability to …

Part 8 of 12 – Pay for Performance Tools to Optimize Staff Compensation – Here is How

One reason for excessive staff pay rates may be a staffing mix that is heavily weighted toward higher paying positions. For example, you may have…

Tips to Protect and Maintain Your Practice During this Pandemic “Economic Rainy Day!”

The current economic climate has been an eye-opening financial experience for every practitioner in America! Like Mr. Wonderful always says on Shark Tank, it’s all about “cashflow!” Financial disaster planning and recovery at this scale, as part of business development and continuity planning, was not…

Part 7 of 12 – Deploy these lean staffing tools to improve service and reduce costs – Here is How

Apart from provider compensation, workforce staffing is typically the largest single contributor to expenses in the physician enterprise. Accordingly, prudent management requires continuous vigilance over this resource. Two areas of resource management are required, staffing levels and…

Part 6 of 12 – Multiply Revenue by Being a Leader in Value-Based Care – Here is How

CMS has recognized the need to focus on preventing periods of acute illness as well as promoting health and wellness. As a result, they have…

Looking for a Safe Place to Practice?

It’s a privilege to include TACHC as one of MedCV’s Top Employer Partners and to support them in their mission. Take a minute to see and hear why Dr. Adrian Billings is…

Part 5 of 12 – 4 Problems that lead to Low Patient Volume and Your Physician Income – Here is How to Fix it

The problem can be attributed to several factors, including limited …