Healthcare organizations are searching for ways to attract, retain and motivate physician talent. But in today's complex regulatory environment, finding solutions that are both meaningful and financially sustainable is difficult. At MaxWorth Consulting, we specialize in the evaluation, design and implementation of creative compensation strategies for the healthcare community.
We assist clients in the establishment of strategic processes designed to attract, retain and motivate top physicians. We apply our 35 years of benefit design experience to solving your most unique compensation challenges. Healthcare organizations are under more pressure than ever to compensate physicians for taking call.
We assist clients in the establishment of strategic processes designed to attract, retain and motivate top physicians. We apply our 35 years of benefit design experience to solving your most unique compensation challenges. Healthcare organizations are under more pressure than ever to compensate physicians for taking call.
Services
MaxWorth Consulting Group, LLC was formed in 2005 in order to focus on the unique needs of organizations seeking solutions to specific compensation issues. Our firm specializes in the evaluation, design and implementation of compensation strategies for the healthcare community.
We assist clients in the establishment of strategic processes designed to attract, retain and motivate key people, with an emphasis on using compensation as a strategic tool.We apply our experience and expertise, along with that of our well-known strategic alliances, to provide our clients with a turnkey solution for achieving their most important individual and organizational objectives.
We assist clients in the establishment of strategic processes designed to attract, retain and motivate key people, with an emphasis on using compensation as a strategic tool.We apply our experience and expertise, along with that of our well-known strategic alliances, to provide our clients with a turnkey solution for achieving their most important individual and organizational objectives.
In an environment of decreasing reimbursement rates, healthcare organizations are under more pressure to compensate physicians for services provided in the emergency department. Since 2012, the average hospital's call pay expense has increased by 83% relative to net revenue. Today, more physicians are demanding to be paid, and those who are being paid are demanding to be paid more.
For the first time in history, there are more physicians employed by hospitals than by private practices. This cultural shift, combined with a growing physician shortage, has made hospitals' recruiting more competitive and challenging than ever. Today, recruiting costs can reach $200,000 per physician.
As hospitals transition to value based care models, physician alignment has never been more important or had a more direct impact on revenue. As such, alignment is now a top concern of hospital administrators. Alignment can be negatively impacted by a lack of trust and communication between staff and administration, as well as physician engagement issues and the cultural impact of top-down decision making.
For the first time in history, there are more physicians employed by hospitals than by private practices. This cultural shift, combined with a growing physician shortage, has made it more challenging than ever to retain top physician talent. Our clients tell us that even their senior physicians are contacted weekly by recruiters.
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