In today’s healthcare environment, physician compensation arrangements are highly regulated, yet the current dynamics of the physician market often make it difficult to recruit and retain qualified physicians. JTaylor’s dedicated physician compensation team has expertise in designing and valuing a variety of compensation structures for a broad range of clinical, administrative, and academic services in both employment and contracted relationships. We consider the goals and specific market dynamics of each client, as well as the regulatory factors that must be considered, to customize our services to your specific needs.
When designing or overhauling physician compensation plans, JTaylor will work alongside you and your physicians to ensure the plan aligns with the organizational goals to incentivize the desired behavior, is an effective model for attracting and retaining physicians, and is compliant with current regulations. We will continue to support you as you implement the new plan to ensure a smooth transition.
JTaylor also has extensive experience performing Fair Market Value and Commercial Reasonableness assessments of provider compensation arrangements that are often required for regulatory compliance. We will work with you, your legal counsel, and/or compliance officer to ensure that the financial terms of provider agreements (current or proposed) are compliant yet allow for successful recruitment and retention of physicians.
Effective and compliant physician compensation structures are crucial to the success of any physician organization. You can rely on JTaylor’s experienced team to guide you.