The tool uses industry benchmarks and a proprietary data-driven methodology to provide an all encompassing view of what a physician can be paid. It provides hospital executives and legal counsel with the information that they need to make informed compensation decisions, and also allows them to calculate the fair market value based on their own risk threshold.
Although careful consideration goes into a hospital’s decision to treat a hospital-owned physician practice as provider based, there is often a rush to initiate the billing process without consideration for the operational criteria that must be implemented. Equation provides a comprehensive overall assessment of provider-based clinic and provider-based rural health clinic operations that is designed to ensure compliance with current regulations, local and federal guidance and best business practices.
