Physician Spend: The New Financial Category Critical to Your Hospital's Bottomline
Thursday April 25th, 2019 | 1:00pm - 2:00pm CT
Many hospitals and health systems continue to overlook a key aspect in their financials called, “physician spend” – the total dollar amount an organization spends on their physician contracts. This often-hidden data point is becoming more crucial these days though, as many hospitals face razor-thin margins. And understanding physician spend is the antidote.
- Develop a consistent definition of “physician spend,” learn how to calculate it for your organization and what it says about your physician-contract strategy
- Understand how to leverage your physician spend data to improve the way you manage payments to your physicians
- Hear a case study from a hospital executive that leveraged physician spend to cut costs and improve their reimbursement on the Medicare Wage Index