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The $10,000 Question: Tackling the Complexities of Value-Based Physician Compensation

 

New revenue models for health systems call for new compensation models for physicians—models that provide incentives for quality as well as productivity. This presentation will discuss the design of value-based compensation models to minimize the pain of potential risks (disgruntled physicians, physicians who “take a hit,” lower productivity) while maximizing results. Potential implications of MIPS will be discussed as relevant.

This session will cover:

  • How much of an incentive is enough
  • How quality and cost-effectiveness should be measured
  • Simulating compensation
  • Phasing in the plan

Learning Objectives

Participants will:

  • Understand the basic concepts in designing value-based compensation models
  • Know how to set quality and cost-effectiveness targets in incentive models
  • Be able to develop alternative incentive models for simulation testing
  • Understand the factors to be simulated in testing incentive models