Compensation Archives - Wisdom. Applied.

An Alternative Structure for Medical Group Compensation – Podcast

Mark — Thu, 20 Apr 2023 10:49:00 +0000

Most medical groups have a two-level physician engagement/compensation structure: owners and non-owners.

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What’s It Cost? – Podcast

Mark — Thu, 16 Feb 2023 12:00:00 +0000

In a personal services business, from medical groups to acute care hospitals, what's more important, your people or your tangible assets?

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Does Your Group’s Compensation Plan Measure Up? – Medical Group Minute

Mark — Wed, 13 Oct 2021 11:00:00 +0000

What if you were running a restaurant instead of a medical group? Let’s say you decide to measure and reward on the basis of the time a waiter or waitress takes to picks up food in the kitchen and deliver it to the table...

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Does Your Group’s Compensation Plan Measure Up? – Podcast

Mark — Thu, 16 Sep 2021 11:00:00 +0000

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Thinking Your Way Out of the Compensation System Box – Success in Motion

Mark — Tue, 29 Jun 2021 11:00:00 +0000

Ride along with Mark as he discusses pitfalls of the current status quo relation to compensation systems.

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Does Your Group’s Compensation Plan Measure Up?

Mark — Mon, 14 Jun 2021 11:00:31 +0000

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Can You Profit Like Bob Dylan? – Success In Motion

Mark — Tue, 22 Dec 2020 12:00:00 +0000

Be like a rolling stone - travel with Mark as he discusses you taking advantage of Bob Dylan’s money-making strategy.

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An Alternative Structure for Medical Group Compensation

Mark — Mon, 03 Oct 2016 15:00:50 +0000

Most medical groups have a two-level physician engagement/compensation structure: owners and non-owners. They also tend to have a ladder to ownership status along which physicians advance to the top rank. In some groups, all it takes is time; unless someone goes off the deep end, his or her partnership status is just a few years...

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Is Your Business in Motion or Is it Dying? – Success in Motion Series

Mark — Tue, 27 Oct 2015 16:00:04 +0000

Many medical group and other business leaders fear change. But if your business isn’t moving forward, it’s dying.

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Here’s What Happens When Physician Alignment Is Out of Line – Podcast

Mark — Thu, 09 Jul 2015 13:00:24 +0000

Do you like riddles?

When isn't a hospital's physician alignment in line?

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What Are the Standard Hospital Complaints? – Medical Group Minute

Mark — Wed, 03 Jun 2015 13:00:33 +0000

When things begin to go awry between hospitals and contracted medical groups, these are the sort of complaints that hospitals levy.

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Is This Missing From Your Compensation Plan? – Podcast

Mark — Thu, 25 Sep 2014 13:00:58 +0000

The smarter you work, the more you make.

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What’s It Cost? – Medical Group Minute

Mark — Wed, 23 Jul 2014 14:00:37 +0000

Thirty some years ago, my father told me that you paid less for $150 shoes than you did for a $49 pair.

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My Father Loved to Buy Cars. And Your Exclusive Contract or Employment Agreement. – Podcast

Mark — Fri, 23 May 2014 13:00:31 +0000

If you're like most people, you hate shopping for a car. But even if you hate it, you probably follow the rule of negotiating with multiple dealers.

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Here’s What Happens When Physician Alignment Is Out of Line

Mark — Thu, 08 May 2014 15:00:49 +0000

Last October, a federal trial court ordered Tuomey Healthcare System to pay approximately $237 million as a result of Stark Law failures that gave rise to a False Claims Act violation.

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What Are the Standard Hospital Complaints?

Mark — Tue, 08 Apr 2014 15:00:00 +0000

When things begin to go awry between hospitals and contracted medical groups, a common set of complaints arise.

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What’s It Cost?

Mark — Mon, 31 Mar 2014 15:00:34 +0000

Some things are consumed. Others bring a benefit that lasts for years and even decades.

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Is Your Medical Practice a Social Service or a Business? – Medical Group Minute

Mark — Wed, 26 Mar 2014 14:00:50 +0000

These are two entirely different goals and if a definitive answer doesn't immediately pop out of your mouth you're in trouble.

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Does Your Group’s Compensation Plan Suffer From This Defect? – Medical Group Minute

Mark — Tue, 19 Nov 2013 16:41:31 +0000

Is your medical group's compensation plan rewarding the right thing?

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My Father Loved to Buy Cars. And Your Exclusive Contract or Employment Agreement. – Medical Group Minute

Mark — Tue, 17 Sep 2013 13:00:33 +0000

If you're like most people, you hate shopping for a car. But even if you hate it, you probably follow the rule of negotiating with multiple dealers.

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My Father Loved to Buy Cars. And Your Exclusive Contract or Employment Agreement.

Mark — Mon, 22 Jul 2013 16:00:31 +0000

If you’re like most people, you hate shopping for a car. But even if you hate it, you probably follow the rule of negotiating with multiple dealers. You know that you have to have alternatives to any one deal.

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Does Your Group’s Compensation Plan Suffer From This Defect? – Podcast

Mark — Fri, 05 Jul 2013 17:56:04 +0000

Is your medical group’s compensation plan rewarding the right thing?

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Does Your Group’s Compensation Plan Suffer From This Defect?

Mark — Mon, 15 Apr 2013 16:00:18 +0000

Correctly formulated, a group compensation plan is not just about encouraging efficiency, it’s about encouraging effective performance in a broad sense.

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Wringing Profit From Physician Group Compliance: Operational Compliance

Mark — Mon, 29 Oct 2012 16:00:59 +0000

As you may know, the Patient Protection and Affordable Care Act, Obamacare, imposes a requirement – a mandatory requirement — that physician groups adopt compliance programs. These programs are not simply plans that you document, toss into a notebook and keep on a shelf – they must be living breathing programs revisited on an ongoing...

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Is Your Medical Practice a Social Service or a Business? – Podcast

Mark — Fri, 20 Apr 2012 16:00:56 +0000

Consistent with the communal notions of the "We" society, physicians are being told by politicians, pundits and the press that you are in social services – do you really believe this?

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Is Your Medical Practice a Social Service or a Business?

Mark — Mon, 06 Feb 2012 17:30:26 +0000

These are two entirely different goals and if a definitive answer doesn’t immediately pop out of your mouth you’re in trouble. A dog may have four legs, but it can only walk in one direction at a time.

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