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  • Title: The development of a successful physician compensation plan.
    Author: Berkowitz SM.
    Journal: J Ambul Care Manage; 2002 Oct; 25(4):10-25. PubMed ID: 12371016.
    Abstract:
    Physician compensation plans are critical to the success of a physician group or may lead to the demise of the group. Essential components of the development and implementation of a successful physician compensation plan include: strategic planning, physician understanding and buy-in, appropriate incentives, objective performance measurement, and a specific funding source or mechanism. There are two basic philosophies to consider for use: the market-based model and the net economic contribution model. Advantages and disadvantages of each are discussed. Methods of incorporating these multiple aspects into a single plan are described.
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