1. Plastic Surgeon Financial Compensation–Incentivization Models in Surgical Care Delivery: The Past, Present, and Future
- Author
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Larry Chavis, Anaeze C. Offodile, Loren S. Schechter, Amir H. Dorafshar, Deana S. Shenaq, Joseph Lopez, and Charles Scott Hultman
- Subjects
Surgeons ,Value (ethics) ,business.industry ,Compensation (psychology) ,Fee-for-Service Plans ,Compensation methods ,Efficiency ,History, 20th Century ,History, 21st Century ,United States ,Physician Incentive Plans ,Incentive ,Organizational behavior ,Seniority (financial) ,Health care ,Humans ,Medicine ,Surgery ,Operations management ,Financial compensation ,Surgery, Plastic ,business ,Reimbursement, Incentive ,Forecasting - Abstract
BACKGROUND Surgeons are critical for the success of any health care enterprise. However, few studies have examined the potential impact of value-based care on surgeon compensation. METHODS This review presents value-based financial incentive models that will shape the future of surgeon compensation. The following incentivization models will be discussed: pay-for-reporting, pay-for-performance, pay-for-patient-safety, bundled payments, and pay-for-academic-productivity. Moreover, the authors suggest the application of the congruence model-a model developed to help business leaders understand the interplay of forces that shape the performance of their organizations-to determine surgeon compensation methods applicable in value-based care-centric environments. RESULTS The application of research in organizational behavior can assist health care leaders in developing surgeon compensation models optimized for value-based care. Health care leaders can utilize the congruence model to determine total surgeon compensation, proportion of compensation that is short term versus long term, proportion of compensation that is fixed versus variable, and proportion of compensation based on seniority versus performance. CONCLUSION This review provides a framework extensively studied by researchers in organizational behavior that can be utilized when designing surgeon financial compensation plans for any health care entity shifting toward value-based care.
- Published
- 2021