Insights from Ludi

Last Bucket Standing – Financial Management of Physician Contracting

Posted by Michelle Harmon on Jun 19, 2018 9:00:00 AM

Health systems are expanding and continue to acquire new facilities. This type of growth requires examination of all the legacy physician “deals” that are in place. Yet, at LudiTM, we often hear that examination of physician administrative contracts that include medical directorships, co-management, and shared or on call agreements are often put on the back burner for health system teams. We get it, management of physician contracts is messy, and teams do not get overly excited about having to deal with this process. Teams are short on time and people, so this is the bucket that gets pushed down the priority list or even completely ignored.

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Topics: physician management, hospital management, physician spending, hospital spending

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

3 Strategies to Cut Physician Expenditures

Posted by Gail Peace on May 17, 2017 12:15:00 PM

Hospitals pay a plethora of physicians in a variety of ways. Some are employed. Some manage the clinical components of service lines in tandem with hospital leadership in co-management arrangements. Some are service line leaders. Some provide on-call coverage for the hospital. Some teach residents or interns at the hospital.

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Topics: physician management, physician spending, hospital spending