PYA Principal Angie Caldwell and Senior Consultant Luke Hilt recently authored an article published by the American Association of Provider Compensation Professionals (AAPCP). The article, “From Exam Rooms to Screens: Key Considerations for Valuing Telemedicine Call Coverage,” addresses the rise of telemedicine use during the pandemic, and how providers can determine fair market value (FMV) for those services. Health systems need to weigh the pros and cons of implementing telemedicine in call coverage models.
Understanding the pros and cons of implementing telemedicine in a call coverage model, a key question becomes: how does a healthcare system know whether the implementation is both financially and operationally feasible for the system? One of the important steps to take in answering this question is to understand who will provide the service and how much the physician will be paid to provide the service. Given that each provider and market is unique, appraisers of physician compensation arrangements normally consider a combination of approaches for telemedicine arrangements, in addition to each arrangement’s facts and circumstances.
Access the full article here.
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 additional guidance related to valuing telemedicine call coverage, or for assistance with any matter related to valuation, compliance, or strategy and integration, contact a PYA executive below at (800) 270-9629.