The Beat Webinar Series - Episode 12 (On-Demand) Understanding the Basics of Physician Compensation Models-The Beat Episode 12 Visual Aid

The Beat Episode 12 Visual Aid

Pdf Summary

The document provides insights from Episode 12 of The Beat LIVE, focusing on understanding Physician Compensation Models. Hosted by Michael S. Lloyd and David J. Slotwiner, with speakers Nicole Knight and Joel Sauer, the discussion delves into various aspects of physician compensation plans. The importance of patient-centric pillars, group ownership trends, and different compensation elements like base salary, production incentives, and non-clinical incentives are highlighted.<br /><br />Physician compensation is discussed in detail, from common elements like base/salary to valuing non-clinical time and efforts through various strategies. The role of Stark Law, Anti-Kickback Statute, and False Claims Act in regulating physician compensation is emphasized. Compliance considerations such as Fair Market Value and other revenue cycle considerations like CPT codes, ICD-10 CM, and HCPCS codes are also covered.<br /><br />The document also touches upon professional reimbursement processes, hospital services reimbursement protocols, and revenue cycle considerations intersecting with compensation plans. It poses questions regarding new technology service reimbursements, payment reduction modifiers, and the importance of documentation in supporting medical necessity. The importance of coding accuracy, charge capture processes, and collaboration within healthcare teams is underscored throughout the discussion.<br /><br />Overall, the document provides a comprehensive overview of the complexities involved in physician compensation models, the regulatory framework governing them, and the revenue cycle considerations that intersect with compensation arrangements in the healthcare industry.

Keywords

Physician Compensation Models

The Beat LIVE Episode 12

Michael S. Lloyd

David J. Slotwiner

Nicole Knight

Joel Sauer

Patient-Centric Pillars

Physician Compensation Plans

Stark Law

Fair Market Value