MGMA insider: Contracting and compensation in a medical practice

In this podcast episode, Stephen A Dickens, JD, FACMPE, Vice President, Medical Practice Service, SVMIC, discusses payment reform and how physician compensation models are evolving.

While many practices are embracing industry changes, the infrastructure to support physician partnership, employment and compensation are either out of date or simply not in place. As groups dissolve, merge and/or sell, the lack of attention to these details can have significant financial ramifications.

In this episode, Dickens reviews a sample partnership agreement and sample employment agreement. He also talks about the different elements, including compensation models, to consider in developing an agreement. The rationale for each section and pitfalls are highlighted as well.