Subscriber Database Helps Establish Fair Market Valuation
BURLINGAME, Calif.--(BUSINESS WIRE)-- MD Ranger, Inc., a leading provider of compensation benchmarks for physician service contracts, today announced that Marin General Hospital in Greenbrae, Calif., and Sonoma Valley District Hospital in Sonoma, Calif., are the newest subscribers to MD Ranger’s proprietary compensation database, which will provide decision support and strengthen compliance documentation for physician contracting.
MD Ranger provides comprehensive compensation benchmarks and scope of service data for physician contracts for on-call coverage, medical direction, administrative, leadership, diagnostic testing and hospital-based physician services to help subscribers document and understand market rates for contract negotiation.
“MD Ranger's benchmarks provide our hospital with a comprehensive toolkit to help us negotiate contracts and document market ranges for compliance,” said Joel Sklar, MD, FACC, chief medical officer at Marin General Hospital. “As an independent trauma center, we're finding the data useful in targeting contracts that need our attention. In addition, MD Ranger’s reports add depth to our contract negotiations with reliable data for medical directorship hours and rates, leadership and hospital-based contract stipends.”
Kelly Mather, CEO of Sonoma Valley District Hospital, commented, “Using MD Ranger benchmarks is a valuable tool for us both in negotiating competitive contracts and reducing the need for outside opinions.”
The company’s proprietary database is one of the most robust and reliable in the industry, representing subscriber and proprietary data from more than 5,500 contracts and 230 hospitals in 17 states. MD Ranger’s benchmarks and reports allow hospitals to reduce the need for costly outside consulting fees to determine and document fair market value, negotiate competitive payment rates and simplify the internal contract approval process.
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.
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Data Management Health Hospitals