Resource:

Physician Compensation Modeling

Tool

Challenge: Financial Sustainability  

Content provided by AHA Endorsement partner: Kaufman, Hall & Associates, Inc.

Integrated hospital-physician arrangements are critical to the future success of health care providers in the New Era, but the financial impact of integrating these operations represents a growing challenge for hospital budgets.

Kaufman Hall is counted among the country’s most respected independent strategic and financial consultants, working with health care organizations of all types and sizes. In addition, Kaufman Hall developed and markets the ENUFF Software Suite® of strategic and financial management products.

More than 1,000 health care entities, including 400+ hospitals, license Budget Advisor® to help them maintain balance between their operating budget and strategic financial plan.

Developing an appropriate physician compensation program and modeling various programs under different structures is critically important for the future success of health care organizations.

Build Complete Physician Operating Models by Provider
In use at more than 400 hospitals around the country, Kaufman Hall’s Budget Advisor software application has become an invaluable tool for helping hospital management maintain balance between the operating budget and the strategic financial plan.

Through the Physician Compensation Modeling features in the application, Kaufman Hall is enabling health care organizations to:

  • Build complete operating models of physician groups
  • Calculate volume, gross and net revenue, expenses and compensation at the individual physician level

 

Budget Advisor pulls in data directly from the physician group’s general ledger or billing system, making it easy to model the potential impact of new patient volume on your financial performance. The application also provides the flexibility to examine the scenario from all possible angles by taking into account the different types of compensation arrangements that are developing as part of the hospital-physician integration movement.

  • Create interactive models of profitability by physician
  • Calculate budgeted and actual physician compensation

 

Learn more. Download the tool now.