SullivanCotter's Innovative Provider Performance Management Technology™ Platform intensifies with sophisticated compensation enhancements.
FREMONT, CA: SullivanCotter, the nation's leading independent consulting firm specializing in the assessment and development of total rewards programs, workforce solutions, and technology and data products for the health care industry and not-for-profit sector, adds long-awaited new compensation automation enhancements to its growing Provider Performance Management TechnologyTM (PPMT) platform. PPMT™ is a cloud-based product, a first in the industry, that engages clinicians through transparent performance-based compensation administration, contract management, and analytical and reporting capabilities.
With the addition of the Clinician Pay feature, PPMTTM users can now automate the compensation management process by calculating and paying clinical draws based on current performance and organization-defined criteria. It provides flexible and sophisticated rules for draw calculations that are easily maintained and managed throughout the year by critical administrative stakeholders.
“Determining clinician draw for the upcoming year is a significant and burdensome time investment for compensation program administrators. Most often, these calculations are done manually via spreadsheets – which can greatly increase the risk of error. Using PPMT™, organizations can now automate the production of accurate and reliable draw and other pay calculations within one system”, says Shelly Slowiak, Director, Product Support, PPMT™, SullivanCotter.
By providing visibility into performance and compensation for distinct roles while also allowing administrators to view aggregate payment for each clinician, the new split role compensation automation eliminates the need to determine clinical and non-clinical pay components manually.
“In order to provide the best care for patients, a growing number of physicians are specializing in multiple service areas with varying compensation arrangements. This often requires greater attention and additional analysis from an already overextended compensation team. PPMT™ can ease the administrative burden by effectively automating and providing consistent compensation calculations for each service area”, says David Schwietz, Chief Information Officer, SullivanCotter.
PPMT™ combines years of health care compensation insight and expertise with an intuitive and automated technology platform to help drive provider performance and support the transition from volume- to value-based care.
June 18, 2021 at 04:41PM
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Sophisticated Compensation Enhances SullivanCotter's Platform for Innovative Provider Performance Management Technology™ - CIOReview
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