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In order to ensure that a physician practice performs well financially and operationally, one aspect that must be considered is the compensation methodology chosen to

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In order to ensure that a physician practice performs well financially and operationally, one aspect that must be considered is the compensation methodology chosen to pay the physician. This methodology could be based on financial factors such as revenue or net income produced. Alternatively, the model could be based on productivity or quality/patient satisfaction of some combination of the above. This following assignment will involve you taking a closer look at these methodologies and determining which you believe is best among the choices given. Although there is not necessarily one correct answer, finding the methodology that fits best for the physicians is very important in ensuring best or desired performance by the physician.

Read the Bangor Family Case in your course pack, and view theProductivity Datacompiled by your instructor.

Then, prepare case briefing in which you answer the following questions:

  1. Review physician compensation under each of the four compensation systems described above. Briefly describe to a colleague unfamiliar with these methods how each works.
  2. Identify the strengths and weaknesses of each model.
  3. Recommend the system that you believe is best for Bangor Family Physicians. In addition, discuss why managing a physician practice and maintaining the appropriate amount of productivity can be a significant challenge for any organization or group of individuals.

*** What I really need help is identify which system is best for Bangor Family Physicians. There is a data file but I can't upload due to size

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