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Brian Brock

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3 Factors That Help Hospitals Save on Physician Payments

Posted by Brian Brock on Oct 5, 2017 11:17:57 AM

To remain competitive and serve their core mission of patient care, hospitals must continually find ways to cut costs and increase revenue.

Opportunities to reduce costs on physician payments for administrative duties are usually overlooked because of legacy operational processes in place. Hospitals contract with physicians to serve as medical directors for strategic service lines, shift work or on-call work, research grants, and teaching programs for graduate medical residents. Most often, savings are readily available with stricter adherence to contracted duties and payment terms through software that automates these processes.

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Topics: physician payment, hospital spending