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How Physician Compensation is Increasing in an Age of Decreasing Reimbursement: The Upward Shift of the Median

How Physician Compensation is Increasing in an Age of Decreasing Reimbursement: The Upward Shift of the Median


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WEBINAR DETAILS

Speaker: Justin Chamblee

Length 90-minutes

The world of physician compensation revolves around the use of industry benchmark data. And trends are occurring in healthcare in the application and use of benchmark data leading to increases in physician compensation.  There is much talk in the industry of the changing reimbursement paradigm and reimbursement decreasing. 

With less reimbursement, coupled with similar expenses, this would lead to the thought that compensation for physicians is decreasing. However, if we look to survey data, a different picture emerges.  Why is this so? 

In this 90- minute presentation, Justin Chamblee, CPA, MAcc, Vice-President from Coker Group, explores how  the use (or misuse) of industry data may be leading to increases in physician compensation.
 
Objectives:

  • Gain an understanding of the typical compensation structure in today’s environment.
  • Understand how market data is often used in developing compensation structures.
  • Gain an awareness of factors in the application of benchmark data that is influencing compensation upward.
  • Understand how the change reimbursement environment must impact how market data is used in the development of compensation models.
  • Establish principles that will lead to the better use of market data and compensation plan development.

Meet Our Expert Speaker:

Justin Chamblee, MAcc, CPA is a vice president at Coker Group.  He works with clients in a variety of strategic and financial areas, mainly dealing with physician compensation and hospital/physician transactions. This includes the development and redesign of physician compensation plans for private practices and hospital-employed settings, as well as providing guidance to hospitals, physicians and legal counsel as to the appropriateness of transactions between a hospital and a physician.

Justin frequently speaks and has authored several books in cooperation with publishers such as Greenbranch Publishing, American Medical Association and Health Leaders Media. His book with Greenbranch Publishing was co-authored with Max Reiboldt and is titled “RVUs at Work: Relative Value Units in the Medical Practice 2nd Edition”.  He has a BBA in Accounting and a Master’s of Accounting from Abilene Christian University and is licensed as a Certified Public Accountant in the State of Texas and is a member of the American Institute of Certified Public Accountants.

Mr. Chamblee works with hospitals and medical practices around the country and their executive/physician leadership in solving accounting and finance related issues. This involves preparation of fair market valuations and pro forma projections, redesigning compensation arrangements, facilitating hospital/physician negotiations, assisting with mergers/ acquisitions and performing various other finance related projects.