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Fair Market Value: Physician Compensation, Directorships and Professional Services Agreements |
DGA Partners helps healthcare organizations and their legal counsel to document and determine the fair market value of physician compensation in a wide range of relationships, including:
- Full or part-time employment
- Medical directorships
- Professional services agreements
- Co-management agreements
- On-call arrangements
DGA has extensive experience in benchmarking physician compensation on a hospital-wide and departmental basis, and in determining fair market compensation for newly created medical directorships and other physician/administrators.
We detail the terms of physician compensation agreements. Depending on the nature of the arrangement, this may require:
- Developing position descriptions
- Establishing productivity and level of effort requirements
- Defining quality of care measures and related management tasks
- Translating administrative, supervisory and teaching (AS&T) activities into fair and reasonable compensation ranges
- Determining service levels and fair market value for contracting hospital-based physician services
- Determining legitimate payment levels for improving care quality
Our innovative approaches keep your financial arrangements in compliance while meeting hospital goals and physician expectations.
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