From our extensive work with physician groups, Beacon Partners has found that rewards are only one element of overall compensation. With that in mind, we can help you establish the “best fit” compensation formula for your organization – one that not only includes your leadership challenges, but that ultimately speaks to the value you have for your physicians.
Beacon Partners strives to understand and appreciate each organization’s unique culture and objectives. We will work closely with you to ensure organizational alignment and balance, while also engaging your physicians in the process. We can deliver a compensation model that clearly delineates the effect to both your organization and physicians. This also includes transparent incentive plans that create a culture of shared values and mutual respect.
Count on Beacon Partners to deliver:
- A detailed review of your current practice or faculty group structure
- An operational assessment of your individual practices, specialties, or service lines
- A review of your staff to develop an operational benchmark tool to assess performance
- Financial models for proposed changes
- A compensation structure, including a transparent incentive plan based on organization-specific standards
We can deliver a quantitative review of your provider-, practice-, or faculty-level planning that incorporates detailed performance improvement recommendations and a compensation structure aligned with an organizational strategy that is easily understood.