Workforce Compensation and Performance Improvement Resources

According to SullivanCotter’s 2023 Physician Compensation and Productivity Survey report, physician supply and demand imbalances have resulted in total cash compensation increases as well as increased pressure on physician employers to reduce annual work effort expectations in many shift-based specialties.

While addressing competitive base pay is critical to managing the pay gap between union vs. union health care workers (particularly RNs), health care organizations need to take a more holistic and balanced approach to deliver innovative solutions to meet the workforce needs.

Physician compensation is on the rise as provider organizations try to attract more doctors in a tight labor environment.

With over 280 participating organizations providing information on nearly 2,950 individual call contracts, the 2022 Provider On-Call Compensation Survey provides hospitals and health systems with the data they need to help address complex call pay issues, negotiate contracts and evaluate physician fair market value.

To support the achievement of the Triple Aim goals, The Centers for Medicare and Medicaid Services (CMS) set forth a plan to shift Medicare’s reimbursement methodology from a volume-based system to a value-based system.

SullivanCotter, the nation’s leading independent consulting firm in the assessment and development of rewards programs and workforce solutions for the health care industry and not-for-profit sector, has made adjustments and enhancements to its Provider Needs Assessment (PNA) services to better help hospitals and health systems as they build strategic workforce plans to support service line expansions, care team development, and population health initiatives, while managing for optimal cost and efficiency

A comprehensive review of current compensation practices can serve as the foundation for driving performance in an increasingly complex operating environment.

Featured in Fierce Healthcare, SullivanCotter’s President and CEO, Ted Chien, outlines the importance of utilizing robust data and benchmarks to build a more resilient workforce model that helps support the delivery of high-quality care and enhance financial sustainability.

Market pressures continue to test the financial sustainability of health care organizations nationwide. To succeed in a rapidly evolving marketplace, health systems, medical groups and physicians must work together to develop a more intentional and comprehensive affiliation strategy to help drive performance and improve outcomes.