Strategically Aligning Provider Compensation Into Enterprisewide Goals and Objectives (107X)

Alignment of provider compensation with provider productivity, quality, access and organizational strategy continues to be vital for the success of healthcare systems. Developing an integrated compensation model that drives behaviors and time utilization to the areas of greatest priority creates the foundation for alignment and organizational success. This session will walk through a large healthcare system's provider compensation journey, from assessment to implementation. The presentation will highlight the physician and advanced practitioner compensation assessment, redesign process, implementation steps and strategic goals anticipated, concluding with a review of the realized short-term outcomes compared to anticipated outcomes. The outcome measures will include financial, cultural, patient and quality measures. The review will also include expected long-term benefits and opportunities of the redesign work. This session will provide:

• The steps completed for a provider compensation assessment.
• The process utilized for a successful compensation redesign that includes integrating administrative and provider ideas and opinions to create inclusivity and cultural connectivity.
• The implementation process and timeline utilized to ensure adequate communication and acknowledgement of the changes being implemented.
• The tools utilized for immediate and long-term adjudication and communication of the compensation model.