Summit Medical Group, a large independent multispecialty group in New Jersey, has fundamentally reshaped its approach to physician compensation across the last seven years.
Recognizing that compensation changes are most effective when put in place gradually, Summit’s leadership implemented significant changes through three distinct steps.
Download our research excerpt to learn how you, too, can transition from individual collections to a centrally determined, strategically aligned compensation framework by:
- Introducing new, non-productivity-based incentives
- Standardizing compensation through larger withholds and new productivity measures
- Using existing withholds to expand non-productivity-based incentives
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