We must stop relying so heavily on benchmark tables to set physician pay

by Stu Schaff, FACMPE, FHFMA

I contributed an expert reviewed cover story to the Summer 2021 issue of hfm, the official magazine of the Healthcare Financial Management Association (HFMA).

In the article, I explained why many healthcare organizations essentially throw darts at benchmark tables to set physician pay and lays out the first steps toward a better approach.

The article can be viewed below or on HFMA’s website. If you have any questions or would like to discuss how The Best Practice can help your organization with provider compensation, please schedule a Practice Strategy Session.

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Stu Schaff is the founder & lead advisor of The Best Practice. Stu helps medical practices develop stronger physician alignment strategies and smarter compensation models. With nearly two decades of experience and certifications in both medical practice management and healthcare finance, he partners with practice leaders to create lasting improvements in physician engagement and organizational performance.

If you'd like to discuss how the concepts discussed in this article apply to your practice:

Schedule a Practice Strategy Session