Industries

Our consultants can help your health care organization design and implement plans that meet your compensation goals and objectives, while reflecting your mission in today’s competitive environment.

Our process involves assessing the strengths and weaknesses of your current compensation system through satisfaction surveys and by interviewing physicians and management staff. In addition, we review data on physician production, compensation and overall financial performance.

We also evaluate our information against comparative data specific to size, geography and specialty, particularly compensation and production survey data that RSM McGladrey collects and reports. This includes American Medical Group Association data (AMGA, formerly American Group Practice Association), which compares compensation plans with regional and national peer medical groups. Then, we work with your internal resources to develop a new physician compensation model or make revisions to your existing compensation methodology that meets the needs of both your physicians and your organization.

Additional services in this area include:

• Market opinion: Our professionals will work with you to analyze internal and external environments, assess competition, identify changing market conditions and trends, identify the public’s needs and wants, and identify organizational strengths and weaknesses. Based on this assessment, we can help your organization develop and execute marketing strategies and plans.

• Benefits review: Our consultants will analyze your group’s benefits package to ensure competitiveness within the market. Based on our findings, we will make recommendations to enhance your existing plans or create new ones.

• Compensation modeling and implementation: Our modeling tools will help you take an in-depth look at your compensation plan to help you define the right solution for your organization. We can work with you to implement the compensation plan across your organization.

• Intermediate sanctions and excessive compensation review: Intermediate sanctions are designed to ensure that an organization’s assets are dedicated to charitable purposes. These rules apply to all economic benefit transactions, such as compensation and benefits, between an exempt organization and its board members, officers, managers and others deemed as disqualified. Recently, the law has become a hot topic for the IRS, and the agency is strongly encourages compliance. Through annual testing, we help you determine the fair market value of physicians within your marketplace and specialty, as well as based on the unique services they provide, such as department chairmanship, community services and other items that bring value to the group.

• Demographics analysis: We will analyze the extent of your geographic area’s health care needs by population demographics. Then, we will assist you with determining appropriate services and physician staffing to help ensure  your organization reaches its revenue goals.