Payment Benchmarks for Call Coverage, Medical Direction, and Other Physician Services Help Hospitals Manage Cost and Compliance
BURLINGAME, Calif.--(BUSINESS WIRE)-- MD Ranger, Inc., a leading provider of compensation benchmarks for physician service contracts, today announced that El Camino Hospital and Palm Drive Hospital are the newest subscribers to its service that helps hospitals negotiate physician contracts and document compliance.
MD Ranger provides hospitals with market data on payment rates for more than 50 physician services spanning on-call coverage; medical direction, administrative, and leadership services; diagnostic testing; and hospital-based physician services. The data gives hospitals comprehensive information on what other facilities pay and knowledge of the market.
“MD Ranger is improving the way I analyze my physician contracts,” said Don Holmquest, MD, Senior Medical Director for Physician Services at El Camino Hospital. “With their data, I can compare my hospital to others so that I can make business decisions based on current physician market data. I am able to use the benchmarks to make more informed decisions, document market rates for compliance, and analyze my budget for physician services.”
Raoul McDuff, HR director and risk manager at Palm Drive Hospital in Sonoma, said, “MD Ranger’s benchmarks are already providing valuable data that’s making me more confident in the fair market value components of our physician contracts. I use the data for my governance committee approvals to convey to all stakeholders at the hospital that we are providing fair compensation for call and direction.”
MD Ranger’s proprietary database is one of the most robust and reliable in the industry, with subscriber and proprietary data from more than 5,500 contracts and 230 hospitals in 17 states. MD Ranger’s benchmarks and tools give hospitals the information they need to negotiate physician contracts based on market data, efficiently review all contracts for fair market value compliance, and save money on consulting services.
About MD Ranger
MD Ranger is a leading provider of data-driven physician compensation benchmarks that help hospitals, physicians and health systems determine appropriate compensation rates, 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.
MD Ranger, Inc.
Robin Pam, 650-692-8873
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Hospitals