An article by PYA Principal Tynan Kugler and Consulting Senior Manager Susan Thomas was recently published by the American Association of Provider Compensation Professionals (AAPCP). The article, “Arrangement Audits: Don’t Forget the Follow-Up,” examines two types of physician compensation arrangements that routinely face scrutiny from regulators. Having systems in place to audit these arrangements can help providers ensure compliance and protect their organization.
Article Excerpt
Compensation arrangements with medical directors and arrangements where physicians have financial relationships with manufacturers of drugs, devices, biologicals, and medical supplies can be extensive and seem overwhelming. However, ensuring the arrangements are compliant with regulatory and legal considerations via regular and detailed audits is necessary. Arrangement audits, including the resulting control and process enhancements, can help build lasting protection for an organization’s finances, reputation, and culture.
Access the full article.
The AAPCP is the leading nonprofit organization for provider compensation professionals. AAPCP members advise and lead organizations across the country on provider compensation, contracting, planning, recruitment, retention, strategy, and valuation. Membership is open to individuals in health systems, medical groups, and other healthcare organizations who work in these areas. Learn more.
If you would like assistance with physician compensation or fair market value, or any matter involving valuation, strategy and integration, or compliance, one of our executive contacts would be happy to assist. You may email them below, or call (800) 270-9629.
