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Changing Times: Physician Compensation in the Era of Accountable Care

Changing Times: Physician Compensation in the Era of Accountable Care

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Hear the latest (as of August 2014) in physician compensation trends from nationally know experts.

Speakers:Max Reiboldt & Justin Chamblee

Decreasing reimbursement and increasing losses present immense challenges to medical practices in an era where payment systems are moving from volume to value. In transitioning from a strictly fee-for-service environment, and in times when the overall financial performance of health systems contracts, the new focus becomes the “value” of the employed physician. With any transition, changes are inevitable both in the overall amount of compensation and in the approach to compensation. This session explores the increasing financial pressures on physicians and health systems, now and in the future, and the subsequent rethinking of the economics of employed physicians. In this 90-minute practical webinar, the speakers will outline best practices, in terms of the process of changing compensation models, and identifies key tasks and trials in moving down this pathway.

Buy the CD and you’ll learn:

  • Understand the specific challenges surrounding employed physician networks, both economic and operational.
  • Identify the key areas where compensation arrangements for various classes of physicians (primary care, specialty care, hospital-based) are changing to adapt to the value-based reimbursement era.
  • Hear what the trends are and explore the best practices and associated challenges in modifying compensation structures for employed physician networks.

Meet Our Expert Speaker(s):

Max Reiboldt is President and CEO of Coker Group, a healthcare consulting firm founded in 1987. With over 40 years of experience, Reiboldt provides sound financial and strategic solutions to hospitals, medical practices, health systems, and other healthcare entities through keen analysis and problem solving. Working with organizations of all sizes, Reiboldt engages in consulting projects with organizations nationwide. His expertise encompasses physician/hospital alignment initiatives, hospital service line development, clinical integration initiatives, financial analyses, mergers and acquisitions, hospital and practice strategic planning, ancillary services development, PHO/IPA/MSO development, practice appraisals, and “accountable care era” consultation.  As the industry adapts to many changes in response to healthcare reform, Reiboldt provides hands-on consultation to hospitals, health systems, and large practices.

Reiboldt has led the Firm’s growth since 1996 to its current position as one of the leading healthcare consulting firms in the U.S. and abroad. He is an accomplished public speaker on healthcare management topics and has authored or contributed to many of Coker Group’s 60-plus books.  Co-authored with Justin Chamblee, one of Reiboldt’s most recent titles is RVUs at Work, Relative Value Units in the Medical Practice, 2nd Edition (2014 Greenbranch Publishing).

A graduate of Harding University, Reiboldt is a licensed certified public accountant in Georgia and Louisiana, and a member of the American Institute of Certified Public Accountants, Healthcare Financial Management Association, and American Society of Appraisers.

Justin Chamblee, MAcc, CPA is a vice president at Coker Group. Justin 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. 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.