According to a recent Healthcare Leaders article, Doctor-Hiring Rush is On, with health reform, with the focus on population health and the shift away from volume to quality outcomes, discerning the financial value of a new hire [Physician] can be elusive. While many payers are not yet reimbursing for better-quality care, physicians are beginning to be tracked by quality and patient satisfaction metrics that are not yet tied to all payer contracts and can add to the challenge when calculating ROI. Accordingly, under pay for performance, finance leaders could measure the financial success of a physician-hospital partnership in a relatively simple equation: how much was spent to onboard a physician, plus salary and benefits, plus overhead minus the amount of revenue per patient that the physician generated.
Very interesting read!
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