Effective Management of Physician Subsidy Levels (6/26/2020)

This session will present an effective process for assessing physician financial performance from an operational strategic standpoint. The speakers will share a defined process to manage physician financial performance, including how to use cost accounting concepts to establish and manage appropriate operating budget results as well as how to use ROI concepts to assess and monitor strategic benefits in comparison to subsidy loss levels.

Original Live Date: HFMA Digital Annual Conference (6/26/2020)

Tag(s) (CL) - Student, (CL) - Early Careerist, (CL) - Experienced Professional, (CL) - Mid-Senior, (CL) - Executive, Financial Leadership, (DM) - Self Study, (ST) - Care Management, (ST) - Cost of Care, (ST) - Managed Care, (ST) - Operations and Other Technology, (ST) - Operations Management, (ST) - Physician Compensation, (ST) - Physician Group Revenue Cycle, (ST) - Physician Payment and Reimbursement, (ST) - Physician Practice Revenue, (ST) - Physician Relationships, (ST) - Return on Investment, (PL) - Advanced, (RF) - Accounting, (RF) - Business Development, (RF) - Business Operations, (RF) - Client Services, (RF) - Clinical Operations, (RF) - Healthcare Economics, (RF) - Operations Support, (RF) - Patient Experience, (RF) - Physician Practice, (AD) - Hospitals and Other Providers, (AD) - Physicians and Other Practitioners, (AD) - Health Plans, (AD) - Business Partners

Description

Develop cost accounting, budgeting and return on investment methodologies to assess effectiveness of physician financial results
Review historic underlying industry reasons for prevalence of subsidy losses on physician operations
Explore effective approaches to keep Board and Senior management informed of implemented physician strategies and involved in strategic changes when needed