Making your compensation pay plan work

Written by Reed Tinsley | August 1, 2008

If you are looking to change your physician compensation formulary, try to take an objective approach to analyzing and possibly renovating your formula. Remember that compensation plans that work should:

  • support practices' organizational goals
  • incorporate work or production incentives
  • compare reasonably to average incomes in similar practice settings
  • reflect practices' unique situations
  • pay for physician and administrative governance and leadership
  • provide fairly for part-time physicians and staff
  • comply fully with regulations (particularly the Stark laws)

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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