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5. Considering all relevant factors, develop a recommendation for the compensation plan to be implemented at the practice. Be sure to include the following factors
5. Considering all relevant factors, develop a recommendation for the compensation plan to be implemented at the practice. Be sure to include the following factors in your recommendation. a. How much total compensation (base salary plus performance pay) should be allocated? b. How should the total dollar compensation be allocated between base salary and performance pay? c. What percentage of performance pay should be allocated for productivity? For financial performance? For quality? d. Which productivity, financial performance, and quality measures should be used to allocate performance pay and what percentage of performance pay should be allocated to each measure? Explain your choices. e. For each physician, compare current total compensation to the compensation after your pay for performance. Which physicians would gain and which would lose compensation? What is an implication of the gains and losses
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