Question

The well-run HCO strives for compensation that treats similar positions equitably and that is competitive with similar employment elsewhere. Why? Are there important counter arguments? What are the alternative compensation criteria?

Answer 1

In order to retain high quality staff members,the HCO must offer an incentive package that is comparable to what is offered by other HCOs.If HCO cannot meet or exceed the industry Standards.physicians will go work somewhere with better compensation packages.that said,compensation packages can be tricky because physician should be rewarded for quality of care rather than the quantity.

_when the physicians are compensated for quantity,it reduces the integrity of the organisation.some types of compensation may shift the focus to quantity over quality which may ultimately lead to lesser quantity of patient care.

_recent models move to pay compensation for"high quality of care and prudent stewardship of resource s."

_all recent compensation approaches require risk pools where panels of participating physicians can be paid collectively with incentives for quality,effectiveness,and patient satisfaction.

_these achievements are preferable to simply seeing a large amount of patients.

"Explicit payment for increasing the profit of the HCO is illegal.many states have laws that regulate the physicians incentive compensation.