Q&A
Faculty practice arrangements and their impact on physician compensation at H+H
1:04:00
ยท
69 sec
Council Member Schulman inquires about faculty practice arrangements at H+H facilities and their impact on physician compensation. Dr. Katz explains the current state and challenges of these arrangements.
- All H+H facilities will soon have faculty practices, with King's County being the last to implement
- Faculty practice income ranges from $20,000 to $80,000 per physician
- The variation in faculty practice income complicates negotiations for fair base pay across the system
Lynn C. Schulman
1:04:00
So I my understanding is that if places that have a faculty practice or practice that is better for the physician, it's, so do all how many of the facilities have faculty practices?
Mitch Katz
1:04:13
Now with, King's coming on, it will be all.
1:04:16
Okay.
1:04:17
But but, Woodhall was late.
1:04:21
That that was the next to last, and King's is the last where we're setting it up.
1:04:25
And, yes, I mean, it's a the range, as I told you right now, it's between 20 k 80 k.
1:04:32
So and and it can also vary based on your sir whether you're a surgeon.
1:04:37
Each we each group determines, what the allotment is per per doctor.
1:04:41
And it is 1 again, it's one of the complications because in any negotiation, we are looking at base pay.
1:04:49
But then we also know people are getting the faculty practice dollars, which are real dollars, but people are getting different amounts of dollars.
1:04:56
So then how do you set what is a fair base pay if people are getting anywhere between $280,000 in a faculty practice depending upon where they're seeing their patients?
1:05:07
It's very complicated.