Today hospitals still face many regulatory and compliance risks. However, we aren’t out of luck quite yet, because there are several ways hospitals can reduce these types risks. Here, we highlight six ways to avoid costly fines and settlements specifically related to physician compensation practices.
So your organization has a contract management system, meaning your physician contracts are covered right? WRONG.
Contract management systems do a great job of managing the development of new physician contracts, executive approval, and any redline changes that are made on the various versions. Once signed, the contract management system is not the best place to manage the activity on these contracts. The day-to-day management falls to the operational and financial side of the house.
Topics: Physician Time Logging
Automation is a big word and an even bigger concept. It's important to remember that there are varying degrees of automation. Take, for example, the process of having physicians log time for their administrative duties on hospital contracts such as medical directorships, teaching, co-management, etc. One way to automate this process might be to use excel file templates to log and submit time for approval, another might be to give a physician an application to track their time. What if we’re talking about full automation of this process from the time the physician logs their time through to review, approval, and reporting for the hospital? What does that look like and how does it benefit all parties involved? Take a peek at the 7 benefits related to an automated physician logging process…in our eyes it’s a positive change for everyone involved, not just the physician!