Introduction - Many group practices struggle with just how to divide revenues and expenses in the group. There is no one right way to divide these; it depends on the unique needs of the group and marketplace. Compensation formulas reflect practice values for fairness, productivity and collegiality. Values change over time to reflect changes in the physicians and the patients being served. Participants will learn how to develop different formulas and what can be achieved with each. This program is designed for physicians and office managers.
This Practice Management Audiocast Presentation includes ...
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This Audiocast is of a recent Live Webconference presented by Economedix;
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Your registration fee covers the ability for you and your practice to view this presentation for one year along with various course handout materials;
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The ability for ACS Fellows and practice managers to e-mail follow-up questions to Economedix Practice Management Advisors for personalized responses;
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Co-Sponsors - The American College of Surgeons (ACS) and The Professional Association of Health Care Office Management (PAHCOM).
Course Objectives - Completion of this Practice Management Course will provide:
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Understand how compensation systems effect productivity;
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Understand different methods of compensation and the plusses and minuses associated with them;
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Develop methodologies for compensating physicians differently at different points in their career;
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Learn how to monitor key productivity figures and cost elements related to compensation;
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Use different methods for compensating physicians who have income from capitated contracts;
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Utilize forms and templates to assist in creating a compensation plan.
Accreditation - The American College of Surgeons is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education to physicians.
Credits - The American College of Surgeons designates this educational activity for a maximum of 1.5 category 1 credits toward the AMA Physician's Recognition Award. Each physician should claim only those credits that he/she actually spent in the educational activity. PAHCOM has pre-approved this educational activity for 1 CEU towards the PAHCOM CMM designation. To earn the credit, participants must complete the combination Evaluation / CME - CEU Form, that is included in the course materials, and FAX this form back within seven days following the date of the teleconference.
Faculty - The faculty for the course is Mr. Tom Loughrey, MBA, CCS-P. Mr. Loughrey is Chairman of Economedix and a noted practice management consultant to physicians, medical offices and medical societies. For over a decade, Mr. Loughrey has provided consulting services to the College as a part of the Consultant’s Corner at the annual ACS Clinical Congress and regularly is engaged by ACS to speak and teach at meetings and workshops throughout the country.
