Effectively designed physician compensation plans are crucial for recruitment, retention, and physician satisfaction. This dynamic session provides healthcare leaders with frameworks, including SWOT analysis and the SCARF model, to reimagine physician compensation strategies. Participants will learn to strategically address physician compensation, workload distribution, administrative burdens, and burnout reduction plans that harness and develop physician engagement. These strategies go to the heart of intrinsic motivation and balance practical scenarios and techniques for the challenges facing today's healthcare organizations. Through real-life scenarios and success stories shared by an MGMA consultant and surgical compensation expert, attendees will gain a framework for analysis and strategies to align physician motivation with organizational goals in their physician compensation planning and drive sustained engagement and long-term success.
Learning Objectives:
Formulate physician compensation plans with the use of SWOT and SCARF methodologies to support recruitment and retention strategies
Develop strategies that balance compensation, workload management, administrative efficiency, and physician engagement
Construct plans that address physician burnout and align intrinsic motivations with organizational objectives
