gainsharing


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gainsharing

A financial collaboration between hospitals and health care professionals in which the parties agree to divide any benefits they achieve from increases in productivity or receipts or from decreases in costs.
References in periodicals archive ?
This is not to say that gainsharing should not be carried into other areas of the operation.
Perhaps the most comprehensive protection offered by the Stark law as it relates to gainsharing is the exception for bona fide employment relationships.
The Medicare Modernization Act of 2008 gave CMS the authority to conduct limited gainsharing demonstrations under Section 646.
(252) DRA 5007 Medicare Hospital Gainsharing Demonstration, CMS.GOV, 1, http://www.cms.gov/DemoProjectsEvalRpts/downloads/DRA5007_Solicitation.pdf (last visited Nov.
Yet other companies needing concessions from a union, like AAM, sometimes can substitute a gainsharing plan and the bonuses employees earn under it for the concessions needed in guaranteed pay-rates.
Some companies, on the other hand, drag their heels on Gainsharing mainly because they are satisfied with their current, mediocre performance.
In the long run, gainsharing approaches that can save money without impacting patient care are likely take hold, he said, but first hospitals need clarification from Congress, the Health and Human Services secretary, and the Office of Inspector General about what arrangements are allowed.
Gainsharing shares expense savings based on an improvement in the ratio of expenses to volume compared to the previous year.
Farrell of Foley & Lardner in Tampa recently presented "Physician Gainsharing -- Past and Future" at the 2001 Health Care Industry Conference in Greensboro, North Carolina.
Moreover, the demand for mutuality would argue for sharing any gains produced by the team concept Gainsharing based on measurable performance outcomes might also provide a powerful incentive to improve productivity, as might profit sharing.
It is well known that many winners of the Malcolm Baldrige National Quality Award, such as Cadillac and Federal Express, use profit sharing and gainsharing plans in support of their quality programs.