Physician Compensation

Compensation for current and future physicians can be a tricky issue to tackle. Administrations must consider methods of compensation, recruiting incentives, and how to allocate expenses. Methods of compensation can range from guaranteed salaries, profit sharing, bonuses, and production based compensation. Recruiting incentives can include salary guarantees, signing bonuses, moving expenses, loan forgiveness, malpractice insurance, and marketing assistance. Current and future physicians need to understand whether expenses are incurred equally, based on national statistics or if they are fixed, varied or semi-varied. It is vital these issues are set in stone and everyone from the current CEO to a recruit understand how the organization is run from a profit distribution/allocating expenses perspective. MPC has experience establishing objective resource allocations in existing practices and helps navigate the unknowns of future practices.