Should quality measures and patient satisfaction help determine a physician's pay?
Quality and patient satisfaction metrics are playing a small yet growing role in physician compensation. That's according to the recently released Medical Group Management Association (MGMA) Physician Compensation and Production Survey: 2013 Report Based on 2012 Data, which provides data on more than 60,000 providers.
Primary-care physicians reported that 3 percent of their total compensation was based upon measures of quality, while specialists reported that 2 percent of their total compensation was based on such metrics. Survey respondents also said patient satisfaction played a small role in their compensation.
“Quality and patient satisfaction metrics are not yet dominant components of physician compensation plans right now, however, as reimbursement models continue to shift, the small changes we’ve observed recently will gain momentum,” Susan L. Turney, MGMA-ACMPE president and CEO said in a statement regarding the survey's findings. “It’s encouraging to see physician practices invested in patient-centered care and continuing to seek ways to better incorporate quality and experience into compensation methodologies.”
Do you believe that physician pay should be more closely aligned with quality measures? What about patient satisfaction scores? Why or why not?
Share your thoughts in the comments section below.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.