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The Challenge

American hospitals are facing a financial crisis. The escalation of “physician spend,” which includes call pay, directorship pay, and the emergence of employment arrangements, has become unsustainable at a time when attracting and retaining physician talent has never been more competitive. Dealing with financial pressures beyond their control, hospitals are left trying to untangle the complexities surrounding physician spend and regain footing in an increasingly competitive market.

Rural and community-based hospitals are particularly at risk. A recent survey by Navigant found that 21% of rural facilities were under risk of closing unless their financial situation improves. In an attempt to solve these issues, hospitals are searching for more sustainable ways to reward and retain their physicians.

Our Solutions

At MaxWorth, we believe the key to financial stability is to implement programs that control the cost of physician spend. This is achievable with the use of attractive benefit programs that create sustainability through the use of proper funding vehicles. Since effective benefit programs have proven to improve retention, revenue, and productivity, there are also inherent financial advantages that aid in offsetting the cost of additional bonuses and rewards.  

 

Physician Employment Strategies

How do You Win The Race For Physician Talent? LEARN MORE CONTACT US LEARN MORE CONTACT US Physician Employment Stratagies For the first time in history, there are more physicians employed by hospitals than by private practices. Combined with growing physician shortages and increased demand for care, this cultural shift has made retaining and recruiting…
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Call Pay Solution®

IS YOUR ON-CALL COMPENSATION PROGRAM SUSTAINABLE? LEARN MORE CONTACT US LEARN MORE CONTACT US The Call Pay Solution® On-call compensation issues involve two divergent perspectives: the medical staff’s and the hospital administration’s. Physicians perceive a justifiable need to be compensated fairly for the services they provide. Administrations face the challenge of staffing their emergency departments…
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Want to Learn More? Read our latest white paper.

Read our latest white paper, Increasing Hospital Profitability: How To Use Creative Solutions to Curb Physician Spend, to learn how MaxWorth uses a unique process to help hospitals become more financially stable.

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Compensation Strategies to Attract, Retain and Reward Your Physician Talent.

OUR OFFICE

Charlotte, NC

877-643-7520

800-314-8281

info@maxworthconsulting.com

Office Hours:
M-F 8:00am – 5:00pm EST

Charlotte, NC
P:  877-643-7520
F:  800-314-8281
info@maxworthconsulting.com
M-F: 8AM - 5PM

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