Call Pay: An Unlikely Path to Financial Stability
By: Kyle Worthy
The traditional approach to call pay allows the expense to become an unpredictable liability. Since the passage of EMTALA, there has been a steady increase in physician demands for call compensation. Hospitals often feel they have no choice but to give in to these demands given their need to fulfill EMTALA requirements and maintain service lines.
The physician shortage also plays a role in the rising cost of call pay. As hospitals compete with one another for physician talent, call pay, like all other types of hospital compensation, is being used as a tool in recruitment. As a result, it is now one of the fastest-growing expenses for hospitals.
But it doesn’t have to be. We designed our Call Pay Solution with sustainability in mind. With funding vehicles in place, our program allows hospitals to recoup a portion of their call pay expenditures. It also ensures that all call pay arrangements are determined through a fair and standardized process. The entire medical staff is made aware of this process, and they understand that every specialty group’s burden has been taken into consideration. This lowers agitation and decreases demands for rates that go beyond what is fair and tenable for the hospital.
These features ensure that a hospital’s call pay budget will be predictable year after year. Budget predictability can be a powerful asset. In our latest case study, Peter Baker of Loma Linda University Medical Center—Murrieta shared that the financial stability our Call Pay Solution provided at his hospital has enabled his leadership team to plan for his hospital’s future in a more meaningful way.
At MaxWorth, it means a lot to us to be able to positively impact the future of our hospitals. We believe it’s important to help our clients find stability in an unstable industry so that they will be able to protect the continuity of care in America for generations to come.
REQUEST OUR WHITE PAPER
Complete the form below and receive a copy of our latest white paper: Increasing Hospital Profitability
Want to Learn More?
Call Coverage and Physician Burnout By: Kyle Worthy A recent survey found that physician burnout is as widespread as ever. 42% of respondents, who represented 29 different specialties, reported that they had experienced burnout. Office tasks, a lack of respect from administrators, and the reduction in reimbursement rates were cited…
Employment, alignment, and the surgical specialist By: Kyle Worthy The rise in physician employment has been well documented. Now the trend is spreading to surgical specialists. Illustrating this shift, a recent survey found that employment has risen 25% among orthopedic surgeons in the past year. In the same survey, 48%…
Courage in Healthcare: Dr. Grace Terrell By: Kyle Worthy A true pioneer in the transition to value-based care This week we speak with Dr. Grace Terrell. Dr. Terrell is a highly regarded internal medicine physician from High Point, NC. In addition to practicing medicine, she has also served as CEO…
Why call pay is still an issue at many healthcare organizations By: Kyle Worthy A few years ago, call pay was a hot topic in the healthcare community. Today, the issue has fallen off many people’s radar. Is this because the crisis was solved? Our observations suggest otherwise. Reimbursements in…