One study compared the performance of California physicians enrolled in a
pay-for-performance program with the performance of physicians in the Pacific Northwest who were not enrolled.
Pay-for-performance programs should be designed to promote evidence-based care, encourage collaboration among providers, support patient autonomy, protect patient privacy, and include full disclosure of financial incentives.
RESOLVED, that the American Nurses Association develop and promote principles and guidelines to assist registered nurses in evaluating current and proposed
pay-for-performance initiatives and in determining whether to support and/or participate in the implementation of those initiatives; and be it further
But at the end of the day, it was the
pay-for-performance piece and the desired end-state of retaining your top performers" that stood out.
As one poll respondent put it,
pay-for-performance programs "are an inevitable rising tsunami that will overtake us.
The firm has hired a human resources clerk who does this and attends to other compensation and payroll duties involving the new
pay-for-performance process.
In an environment where critics charge that the long-running bull market has produced excessive rewards for mediocre CEOs, there's an urgent need for compensation committees to understand
pay-for-performance metrics and evaluate plans in place.
The study also found that while the vast majority of companies say they pay executives for performance, only about six in 10 have actually conducted a
pay-for-performance analysis to demonstrate this linkage.
Establishing a physician-dominated oversight committee is essential to the launch of any
pay-for-performance effort.
Traditional
pay-for-performance rewards individuals, not the teams created under re-engineering.
NEW YORK -- Sibson Consulting has released a new study on Real
Pay-for-Performance which examines the management, results and success factors of pay-for performance programs.
Sparked by employer initiatives such as Leapfrog and Bridges to Excellence, key industry leaders have implemented provider
pay-for-performance programs designed to align incentives and encourage provider participation in quality care, customer satisfaction and efficiency improvement programs.
