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Adapting Hospital Employed and Private Practice Compensation Models for Clinical Integration
July 24 @ 10:00 am - 11:00 am$139
Training Options Duration: 60 Minutes
Monday, July 24, 2017 | 10:00 AM PDT | 01:00 PM EDT
Overview: Physician compensation is changing as rapidly as the reimbursement environment, with practically all hospitals and medical practices asking questions surrounding “what should we change” and “when should we change”, along with many other questions. The challenges faced by both hospitals and private groups are real, with different approaches to address each. However, in the midst of the challenges are incredibly opportunities to further link the method by which physicians are compensation more solidly into the mission of the respective organization. This presentation will highlight the key challenges and then provide practice insights into how to adapt both hospital employed and private practice compensation models to the new realities of medicine today. Further, it will include examples/case studies of how groups are handling these challenges.
Why should you Attend: The challenges faced by both hospitals and private groups are real, with different approaches to address each. However, in the midst of the challenges are incredibly opportunities to further link the method by which physicians are compensation more solidly into the mission of the respective organization. This presentation will highlight the key challenges and then provide practice insights into how to adapt both hospital employed and private practice compensation models to the new realities of medicine today.
Areas Covered in the Session:
Identify the challenges that clinical integration and new reimbursement schemes pose to physician compensation
Educate on opportunities that exist to modify compensation plans, with specific case studies as to how others are approaching these changes
Provide practice insights into the steps necessary to make the required modifications
Who Will Benefit:
Justin Chamblee , MAcc, CPA is a senior vice president and director of operations at Coker Group. As an executive healthcare consultant and certified public accountant, he provides strategic and financial counsel to healthcare organizations, physician practices and healthcare legal counsel throughout the country, dealing primarily with physician compensation and hospital-physician transactions. Specifically related to physician compensation, this involves both strategy work, assisting healthcare organizations restructure their compensation arrangements to ensure they are consistent with the market on a macro and micro basis. It also involves compensation valuation work, assisting healthcare organizations to ensure that their financial arrangements are compliant with the requirements of fair market value and commercial reasonableness. Other areas of expertise include contract negotiations, sale/acquisition negotiations, strategic planning and business plan development and other areas of finance.
As a recognized thought leader, he serves as a frequent presenter at national conferences where physician leaders, healthcare legal counsel and health system administrators gather to grow their knowledge in the areas of physician compensation and hospital-physician integration. He has also authored several books and professional publications in collaboration with Greenbranch Publishing, Healthcare Financial Management Association, the American Medical Association and HealthLeaders Media. In addition to his consulting role, he functions as Coker’s director of operations, directing the day-to-day functioning of the company.
He has a BBA in Accounting and a Master’s of Accounting from Abilene Christian University, is licensed as a Certified Public Accountant in the State of Texas and is a member of the American Institute of Certified Public Accountants. In addition, he has completed extensive training through the Harvard Business School Leadership program.
Phone No: 1-800-385-1607
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