It is common for successful administrators of medical practices to be paid for their accomplisments. This has been achieved through a combination of a base salary, fringe benefits and an attractive bonus tied to the financial performance of the practice each year. That being said, things are a changin’! With reimbursement trends lowering revenue in many specialties, there is only so much related to financial performance that is under the control of top administrators as their bosses, struggling with their own ability to eek a living, begin to ponder other ways to pay the administrator. We would be interested in hearing from both administrators and physicians on how they are broaching this subject and coming up with new compensation models for administrators, CEO’s and COO’s. Tell us what you think and what actions you have taken.
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