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GCU Physician Compensation Fair Market Value & Partnerships Discussion

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What do you see as the pros and cons of obtaining fair market value analyses on the compensation paid to physicians, especially when the market rates are benchmarked against national standards? How could this information be used in negotiating rates with physicians? What other components would you need to include in forming the contract with the provider? Adler, E. L. (2019). Productivity and termination. Medical Economics, 96(24), 21. https://lopes.idm.oclc.org/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=edsbig&AN=edsbig.A631816999&site=eds-live&scope=site&custid=s8333196&groupid=main&profile=eds1

Agullar, J. (2020). Fair market value and physician compensation: Defining the regulatory landscape. MGMA.com. https://www.mgma.com/resources/financial-management/fair-market-value-and-physician-compensation-defi

Burroughs, J. (2019). Aligning physician compensation with payer contracts and your organization’s strategic objectives. Journal of Health Care Compliance, 21(3), 51-70. https://lopes.idm.oclc.org/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=136839406&site=ehost-live&scope=site

Collins, H. (2018). How fair is fair market value with physician compensation? MGMA.com. https://www.mgma.com/resources/financial-management/how-fair-is-fair-market-value-when-it-comes-to-phy

Wolk, S., & Apple, D. (2017). Building a better physician compensation and performance model. NEJM Catalyst, https://catalyst.nejm.org/doi/full/10.1056/CAT.17.0397

Zismer, D. K. (2013). Physician compensation in a world of health system consolidation and integration. Journal of Healthcare Management, 58(2), 87-91. https://lopes.idm.oclc.org/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=ccm&AN=108000402&site=ehost-live&scope=site