Physician Compensation Software Can Help to Drive Clinical Performance
SullivanCotter launches industry-first physician compensation software to drive performance through comprehensive administration, analytical and reporting capabilities
Nov. 1, 2017 – Minneapolis – SullivanCotter, the nation’s leading independent consulting firm in the assessment and development of total rewards programs and workforce solutions for the health care industry and not-for-profit sector, announces the launch of its Provider Performance Management Technology™ (PPMT™). Developed in cooperation with Mayo Clinic, PPMT™ is an industry-first, cloud-based physician compensation software that enables provider engagement through transparent performance-based compensation administration and analytical capabilities.
“As we began integrating value-based care measures into our physician compensation programs, we required a technology solution to help align our physicians with the new quality metrics. It was critical that physicians engage more closely with the measures, provide feedback, and use them to better understand how to improve their performance,” said Brian Bunkers, M.D., President and site CEO, Mayo Clinic Health System.
PPMT™ incorporates SullivanCotter’s industry-leading benchmarking data into three integrated modules, designed to address a spectrum of needs from leadership, physician and administrative stakeholders. Modules include Provider Performance Management, Revenue and Productivity Analytics and Compensation Management Analytics.
“Many health care organizations are struggling to achieve a set of standard quality objectives with their current productivity-based compensation programs. PPMT™ integrates years of physician compensation and health care expertise and insights with an intuitive technology platform to address a growing gap and significant need in the market – supporting the transition from volume to value through physician alignment and engagement,” said Ted Chien, President and CEO, SullivanCotter.
Mayo Clinic and Dr. Bunkers have a financial interest related to the technology referenced in this press release.
For more information on Provider Performance Management TechnologyTM, visit www.sullivancotter.com/PPMT or contact us at 888.739.7039.
About SullivanCotter
SullivanCotter is the leading independent consulting firm in the assessment and development of performance-based total rewards programs and workforce solutions for the health care industry and not-for-profit sector. For 25 years, the firm has provided unbiased advice to executives and boards to help attract, retain and motivate executives, physicians, advanced practice clinicians and employees at all levels. Through the Center for Information, Analytics and Insights, SullivanCotter has developed the most widely recognized compensation surveys in the United States. Combining data-driven intelligence with national insights, we act with integrity to help organizations fulfill their missions, business objectives and regulatory requirements.