Compensating Practice Employees and Professionals

Course Description

Use compensation systems to hire and retain better employees, while keeping payroll costs under control. Lead the process to develop a strategy and procedures for determining how much to pay each of your employees and to develop fair and equitable professional (psychologist, psychotherapist) compensation plans. This course utilizes “The Physician Managers Handbook The 2nd Ed.” (Chapter 5) which must be purchased independently of this course. We recommend www.physicianmanagershandbook.com or www.bestbookbuys.com to locate the book. This is a class in a series (11 courses total) all using the same text. Author: Robert J. Solomon, Ph.D. is Professor of Business Administration in the Mason School of Business, The College of William & Mary, Williamsburg, Virginia. He is author of the books The Physician-Manager's Handbook, The Physician-Manager's Handbook 2nd Edition, and Clinical Practice Management. He has managed an outpatient practice providing psychiatric, psychological, and clinical social work services and is a licensed industrial psychologist. He wrote a monthly column on medical business issues for American Medical News for six years, and has published over thirty refereed journal papers and conference proceedings including publications in Journal Of Health Care Marketing, Journal Of Medical Practice Management, and Archives Of Ophthalmology. Dr. Solomon has conducted physician leadership development programs for over fifty health care systems nationwide. These programs have focused on physician leadership, change management, and negotiation skills. He has also consulted with medical practices. Many license boards permit a portion of renewal credits for approved practice enhancement courses. Contact your licensure board to determine if you are eligible.

Objectives:

1. Participants will be able to use compensation methods to control costs, attract competent employees, retain competent employees, and motivate high performance.

2. Participants will be able to use standard job evaluation methods such as a ranking system and a point system.

3. Participants will be able to incentivize employees by aligning their rewards with organizational objectives.

Total CE Credits: 1.0 CE Credits

Training Agenda:

Hour One

Compensation plans, Using evaluations and incentives

Methods: Pre-test, Study guide, Posttest and Evaluation Q&A by email

CE Broker Course #: Online: 20-179249

Content Area: Practice management

Purpose: Provide instruction for health care practitioners on practice management skills. Target Audience: All health care practitioners who manage health care practice.