We guide our clients in establishing fair, attractive and rational physician and advanced practice provider (APP) compensation programming that supports overall organizational wellbeing.
Creating a balanced physician and advanced practice provider compensation program
In this time of transformation within healthcare, improving quality and operational efficiency requires a physician and advanced practice provider compensation program that supports your organizational goals, and aligns with the key drivers of performance for your organization. Offering deep experience with providers and healthcare organizations nationwide, Gallagher is dedicated to creating successful relationships between you and your providers. Our experienced consultants are uniquely qualified to address the complexities of provider compensation in today's healthcare landscape. Our physician and advance practice provider consulting team offers:
- Physician compensation fair market value and commercial reasonableness assessments
- Physician and Advanced Practice Provider compensation model design
- Provider surveys & analytics
- Physician leader compensation review and development
- Medical staff development plans
- Provider engagement strategy
Finding standards for reasonable physician compensation
The current regulatory climate offers no shortage of complications for you to navigate. The regulatory environment requires you to establish reasonable compensation deemed fair market value (FMV) when entering into physician financial arrangements. These include employment, directorships, call payments, professional services agreements, and co-management agreements. If you have not addressed these issues within your compensation agreements, you may be at risk for significant fines, penalties and even criminal judgments for failure to comply with federal and state laws.
Gallagher's Physician Compensation and Valuation team can help. We have completed more physician and advanced practice provider compensation fair market value assessments for healthcare organizations than any other healthcare consulting company in the nation. Our seasoned consultants serve as expert healthcare witnesses for related legal cases. We will work with you to ensure your arrangements are consistent with fair market value and are commercially reasonable. With the largest databases on physician and advanced practice provider compensation arrangements in the industry, and our vast experience, you can trust that your consultants will provide comprehensive guidance needed to navigate the evolving regulatory environment.
