benchmarking total physician costs webinar
TRANSCRIPT
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Benchmarking Total Physician Contract Payments August 15, 2013 Allison Pullins, Director
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Our Agenda:
• Introduce MD Ranger and discuss our data collection methodology
• Review highlights of our 2013 Report findings • Discuss total facility benchmarking and it’s use to
your organization • Questions
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MD Ranger Subscribers
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MD Ranger: A Breakthrough in Physician Contracting and Fair Market Value Analysis
• Analyzes market data and internal data • Helps to negotiate competitive contracts • Helps document compliance and identifies potential • Discovers opportunities for efficiency • Provides tools for budgeting, as well as benchmarking • Generates contract-specific reports for compliance
documentation
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Our Methodology MD Ranger’s unique subscription service turns verified hospital data into industry benchmarks. Subscribers submit data via online survey, working with our implementation team to ensure data accuracy. Our unique approach to capturing all contract data from an organization allows us to not only determine what to pay, but also when to pay.
The MD Ranger Database
• 200+ subscribers • 27 states • 9,000+ contracts • Hospital-focused, verified data • Proprietary data derived by FMV experts using
combined subscriber and FMV surveys
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Insights from our 2013 Reports
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Insights from 2013 MD Ranger reports Size matters. Each 100 patient increase in average daily census is tied to a 12 percent rise in coverage payments. Increasing hospital size by 100 beds increases administrative hourly rates by 10 percent.
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$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000
25% 50% 75% 90%
Tota
l Ann
ual P
aym
ents
Percentile
Total Annual Payments, Call Coverage and Medical Direction
Call Coverage
Medical Direction
Insights from 2013 MD Ranger reports
• Institutional complexity matters: trauma status commands an average 25 percent premium across all services.
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$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
Call Coverage Medical Direction
Hospital-Based Stipends
Faci
lity
Tota
ls
Payment Type
Facility Totals by Type, Trauma v. Non-Trauma
Trauma Non-trauma
Insights from 2013 MD Ranger reports
• Multi-campus arrangements were 30 percent less costly per campus than single campus arrangements. Multi-campus direction, leadership and administrative positions were 17 percent less costly than single campus arrangements.
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Total Facility Benchmarking
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Why total facility benchmarks?
• Benchmarks emulate the best practices of an industry to help make one’s organization perform better
• Benchmarks can facilitate decision-making processes in situations where guiding numbers might not be available
• Hospital-wide physician contract benchmarks can help you gain a sense of control over total spending and resources. They can also assist in establishing and maintaining compliance in case of an audit
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$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000
All Contracts
Faci
lity
Tota
ls
Payment Type
Facility Totals by Hospital Size, All Contracts
Under 50 50-125 125-199 200 and Over
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0
20
40
60
80
100
120
25% 50% 75% 90%
Num
ber o
f Pai
d Po
sitio
ns
Percentile
Paid Directorships in Trauma v. Non-trauma Facilities
Trauma Non-trauma All Hospitals
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$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Critical Care Hospitalists Neonatology
Tota
l Ann
ual P
aym
ents
Specialty
Total Annual Payments Excluding Medical Direction, All Hospitals
All Hospitals
Contact Us
Allison Pullins Director
[email protected] 650-692-8873
MD Ranger, Inc. | 1601 Old Bayshore Hwy, Ste. 107 | Burlingame, CA 94010
www.mdranger.com
Penny Stroud CEO
[email protected] 650-692-8873
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