Provider Compensation Strategy

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The success of hospitals and healthcare organizations is directly tied to their partnership with providers.  Over the years, the emergence of new compensation models has made rewards management more complex to understand, let alone manage. 

In times of rapid practice expansion, consolidation, and acquisition, clients need the help of experts to provide guidance and the necessary knowledge needed for rapid decision making.  This is Verity's specialty - using our expertise to manage sensitive transactions using data, tools and experience.  

We have the knowledge to design fair, cost effective, and risk avoiding physician compensation models. Verity saves organizations time by providing necessary third-party opinions - based on established research and experience that results in successful negotiations and better alignments with providers. 

Verity understands that compensation plans are not just about numbers but also about the people involved.  We not only provide data analysis and plan design, we engage with our clients in a collaborative manner. We help our clients:

• Set joint goals by communicating with key stakeholders including physicians
• Analyze current compensation philosophy and model
• Design models that tie compensation to desired outcomes
• Consider internal and external factors in our recommendations
• Provide fair market valuation to ensure compliance

The end result is a compensation model that is perceived as fair, sustainable, cost-effective; and drives the desired outcomes for both the physicians and the organization.