In a market characterized by increasing financial pressures and competition, organizational leaders are continuously striving to get the most value from their provider enterprise. As a result, they have made provider recruitment and retention a key focus area, implementing alternative payment models with various incentives to attract and secure high-performing providers.
But if organizations are unable to administer their compensation models in a timely and accurate manner, they can find themselves losing the talent they’re trying to entice. Leadership should therefore view pay accuracy as an essential means of maintaining long-lasting provider relationships—and prioritize it as such.
In this article, ECG’s Jamaal Campbell, Trevor Clifton, and Campbell Losey discuss five key strategies healthcare leaders can employ to drive pay accuracy and provider satisfaction at their organizations. A simple solution with a big impact, pay accuracy helps organizations recruit and retain high-performing providers who will not only provide critical services to the community but also improve organizations’ competitive position, setting them on the right path for future success and sustainability.
Edited by: Emily Johnson
