Cover Story

HFM_July_Cover_Revised  

Aligning Physician Compensation with Strategic Goals

Using data management tools and transparency, a health system moved from 13 productivity-based physician compensation plans to a single plan that aligns physicians with the goals of value-based care.  

By Brian Bunkers, Mark Koch, Becky McDonough, Brian Whited 

 


From the President's Desk

July_232x150 Expanding on thoughts in his July 2014 column in hfm, HFMA's President and CEO Joe Fifer discusses the latest phase of HFMA's Value Project.  

Features

Building the Right Physician Compensation Model

Benchmark data can provide insight on market-specific physician compensation and productivity levels, but overreliance on such data could result in unsustainable continual increases in pay.

By Justin Chamblee

Developing a CIN for Strategic Value

Having a clinically integrated network allows a health system to align with independent networks of physicians as a single entity that can build or retain valuable market share.  

By Daniel Grauman, John Harris, Idette Elizondo, Sean Looby

Strategies for Redesigning Physician Compensation

The process of designing a physician compensation plan that reflects the transition to value-based payment should allow for continual reevaluation and updating of the plan ultimately adopted.

By Susan K. Corneliuson, Brian Hackman

Why Revisit Your Cost-Accounting Strategy

Under healthcare reform, cost accounting requires financial and clinical data integration across the care continuum. The question is not whether to pursue such integration, but how best to proceed.

By Ricky Arredond


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Focus Areas

Physician Relations

Building Strong Partnerships with CMOs

Healthcare CFOs and chief medical officers can build on common traits to form productive partnerships in guiding healthcare organizations through the changes affecting the industry.

By Carson F. Dye 


Columns

From the Chair

Partnering with Physicians to Lead the Change

Physicians and finance leaders can make a powerful team as health systems strive for better performance.

By Kari Cornicelli, FHFMA, CPA

From the President

Leading the Way with Value-Focused Acquisition Strategies

HFM's new Value Project research outlines the right reasons for providers to partner.

By Joseph J. Fifer, FHFMA, CPA

Eye on Washington

The Roller-Coaster Image of the VA

In the near term, steps are required to fix the Veterans Administration’s widely publicized problems. Whether the VA is likely to remain an important American institution indefinitely is less clear.

By Gail Wilensky

Healthcare Value

It's Academic

 Academic medical centers face unique issues as the forces of price transparency, consumerism, limited-network plans, and the transition to value reshape the nation’s healthcare system.

By James H. Landman

Capital Finance

Evaluating Third-Party or Self-Development of Non-Acute Care Facilities

A hospital’s decision whether to develop an ambulatory building for itself or look to outside ownership will depend on a variety of factors beyond identifying the most cost-effective alternative.  

By Jeffrey H. Cooper


Departments

Data Trends

Split Admission Patterns Among Physician-Owned Hospitals Versus Others

An analysis looked at Medicare discharges to assess how physician admitting practices differ between physician-owned hospitals and other hospitals.  

Etcetera

Member Spotlight: Help from on High

Publication Date: Tuesday, July 01, 2014