Here are 4 cost-saving opportunities within outsourced physician services:
1. Review subsidy payments:
You need to substantiate them with enough background information.
You must also review them yearly because things may change within a year.
2. Risk assessment:
Is it a shared risk agreement? Or is there no risk for the physicians?
You need to aim for a shared performance risk with those agreements so that the physicians’ performance is aligned with that of the hospital.
3. Market competitiveness:
Are your rates, terms, and salaries market competitive?
It’s essential to deeply review the salaries and additional costs and get them benchmarked from different sources.
Then look at a cross-pollination of those benchmarking rates for salaries to ensure that they are market competitive.
4. Review invoice line item details:
You must review your invoice line item details monthly (as well as yearly) because there are moving parts, different ratios, and different ways those agreements are being invoiced.
At VIE Healthcare Consulting, we help hospitals simplify and standardize these complex agreements to support their cost savings goals.
Subscribe Here: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw?sub_confirmation=1
Recommended Playlists:
Data Analytics - https://www.youtube.com/watch?v=9vAZJtC8gWs&list=PLgrQkbpxRHsxRjr6sU-2wlx0CpNyqaCU-
Hospital Supply Chain - https://www.youtube.com/watch?v=gqbYXSXtPd8&list=PLgrQkbpxRHsw8QbmxIbg8DaRGf69zTzC9
Audiograms - https://www.youtube.com/watch?v=wZTZVcYh7xc&list=PLgrQkbpxRHswFXiOrxoVDoG0djWGGkbEw
Invoice ROI™ - https://www.youtube.com/watch?v=8ln1GQRqmoY&list=PLgrQkbpxRHsz0Qmnpmii6GXm0Shpu7iT3
The Healthcare Leadership Experience Podcast - https://www.youtube.com/watch?v=gI2eJQgqAYs&list=PLgrQkbpxRHsyWomPfDD-k1rSgSJWGImA1
Latest Uploads - https://www.youtube.com/watch?v=JZsaS-Uc4go&list=UUB1WOnv5GlYGf39sMzrU6gw&index=2
#healthcaremanagement #healthcarefinance #linkedin #outsourced #services
