Incentives may lead to greater support for practice goals

June 10, 2014
Incentives may lead to greater support for practice goals

(HealthDay)—Incentives may aid employees in meeting practice goals, according to an article published May 23 in Medical Economics.

The author of the article, Judy Bee, a medical practice consultant from the Practice Performance Group in La Jolla, Calif., identifies five tips to set up an incentive plan tied to measurable practice goals.

Bee's recommendations are: (1) establish a bonus pool for increasing the number of new practice patients; (2) offer paid time off; (3) instead of forcing group activities, distribute the cash; (4) make bonus distribution more frequent, possibly monthly or quarterly; and (5) use a plan template that elucidates benchmarks for patient-generated revenue triggers.

"If you want more than just a 'good job' from your employees, an incentive plan may help," Bee writes.

Explore further: Physicians should motivate and retain top employees

More information: More Information

Related Stories

Physicians should motivate and retain top employees

October 25, 2013

(HealthDay)—Even in a time of declining reimbursements, smart employers should know how to motivate and retain superstar employees in their practice, according to an article published Oct. 10 in Medical Economics.

EHRs can be used to boost practice revenue

June 3, 2014

(HealthDay)—Practices can achieve return on investment (ROI) for implementation of electronic health record (EHR) systems if they participate in alternative delivery models, according to an article published May 8 in Medical ...

Recommended for you

Can nicotine protect the aging brain?

September 20, 2016

Everyone knows that tobacco products are bad for your health, and even the new e-cigarettes may have harmful toxins. However, according to research at Texas A&M, it turns out the nicotine itself—when given independently ...

Science can shape healthy city planning

September 23, 2016

Previous studies have shown a correlation between the design of cities and growing epidemics of injuries and non-communicable diseases such as heart disease, diabetes and cancer. A three-part series published in The Lancet ...

50-country comparison of child and youth fitness levels

September 21, 2016

An international research team co-led from the Children's Hospital of Eastern Ontario (CHEO) and the University of North Dakota studied the aerobic fitness levels of children and youth across 50 countries. The results are ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.