Subscriber Database Provides Insights into Fair Market Value for Physician Contracts
BURLINGAME, Calif.--(BUSINESS WIRE)-- MD Ranger, Inc., a leading provider of physician contract and compensation solutions for hospitals and health systems, announced gains in market share for its subscription-based database with numerous new subscribers throughout 2010.
Among some of the hospitals and health systems using MD Ranger are all Catholic Healthcare West hospitals, three Northern California Daughters of Charity hospitals, Lucile Packard Children's Hospital, the John C. Lincoln Health Network and ValleyCare Health System.
“We're already seeing great results from using MD Ranger,” stated Catherine Lindstrom, PhD, FACHE, vice president, clinical and ancillary services at John C. Lincoln Health System in Phoenix, Arizona. “We now have reliable and consistent benchmarks that we're using to help inform appropriate payment ranges for call coverage, medical directorships and a number of other services. MD Ranger has helped John C. Lincoln streamline contract negotiations, standardize our approval process and strengthen our compliance documentation for physician compensation contracts.”
MD Ranger provides comprehensive compensation benchmarks and scope of service data for physician contracts for on-call coverage, medical direction, administrative services, diagnostic testing services and hospital-based physician services to help healthcare providers determine fair market value and better understand the market for contract negotiation.
The company’s proprietary database is one of the most robust and reliable in the industry, representing subscriber and proprietary data from more than 5,000 contracts across 200 hospitals in 17 states. MD Ranger’s benchmarks and reports allow hospitals to eliminate costly outside consulting fees to determine and document fair market value, negotiate competitive payment rates and simplify the contract approval process.
Penny Stroud, CEO of MD Ranger said, “Determining compliant physician compensation can be challenging, costly and time-consuming. Our growing client base reflects a market demand for solutions that simplify the process and help healthcare organizations make informed and timely contracting decisions that ensure compliance.”
The company is scheduled to issue its 2010 benchmarking reports in January 2011.
About MD Ranger
MD Ranger is a leading provider of data-driven physician contract and compensation solutions that help hospitals and health systems determine compensation, negotiate competitive contracts, and comply with federal regulations. The company’s proprietary database and benchmarks reduce the complexity and costs of establishing fair market value for on-call arrangements, medical directorships, administrative services, diagnostic testing services, and hospital-based medical groups. For more information, visit www.mdranger.com.
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INDUSTRY KEYWORDS: Practice Management Health Hospitals Other Health Professional Services Insurance General Health