Call Pay: An Unlikely Path to Financial Stability

AdobeStock_170452670 [Converted]

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. 

 

Physician shortage exasperates the issue

 

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.  

 

Improving sustainability

 

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.

 

Sustainability leads to budget predictability

 

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, Call Pay Solution: Stabilizing call budgets with a fair and sustainable approach

Something went wrong. Please check your entries and try again.

Want to Learn More?

The Anonymous Physician on Retention

The Anonymous Physician:  Physician Retention The Anonymous Physician column provides physicians with a platform to discuss pressing issues in healthcare. From time to time, we pose a question to a doctor, or a group of doctors, and post their answers anonymously, giving them the freedom to be frank and uninhibited.…

Aligning executive compensation can aid in hospitals’ recovery

Aligning executive compensation can aid in hospitals’ recovery Healthcare organizations are looking to their boards to help guide them through the transition into a post-pandemic world. Becker’s recently highlighted the top five concerns healthcare boards have as they plan for recovery and a return to normal. One of them is…

Physician input leads to fairness

Physician input leads to fairness Hospitals often rely on Fair Market Value (FMV) surveys to help them determine how much to pay physicians for services like taking unassigned call. While these surveys are a good place to start, they’re also problematic. Most of the hospitals we visit would only be…

Physician retention hinges on communication

Physician retention hinges on communication The rise in hospital employment, combined with physician shortages, has made physician recruitment more competitive than ever for hospitals. Many are struggling to find ways to distinguish themselves in a crowded and heavily regulated market.    Given the amount of resources going toward recruitment, it…