New on-line tool includes features to input contractual adjustment percentages.
Alpharetta, GA (Vocus) January 13, 2010 -- Jackson & Coker has produced for the medical community an enhanced online tool enabling hospital administrators and group practice managers to calculate the revenue contribution of their physician staff in different service lines.
Hospital administrators have been utilizing the Jackson & Coker slide rule style “Physician Return on Investment” calculator for years. This tool was historically used to calculate the revenue generated by a particular physician specialty against the average compensation for that specialty. This new online tool was just released with 2010 data and additional features.
Administrators may link to the calculator:
http://www.jacksoncoker.com/physician-recruitment/resources/physician-roi-calculator.aspx?speciality=Select%20One or access directly from the www.jacksoncoker.com website.
As Sandy Garrett, President, Jackson & Coker, explained, “These new features allow hospital CEOs and administrators to input their own contractual adjustment percentages and immediately view the customized contribution results for their particular facility. Additionally, as a quick reference, there is a category noting the total number of physicians working in the US for any given specialty.”
Another consideration when measuring anticipated revenue concerns the ‘cascading effect’ of revenue generation based upon related departments, noted Edward McEachern, Vice President of Marketing.
“For instance, when a hospital’s emergency department is adequately staffed, those physicians refer some patients to the operating room for surgery; the surgeons in turn request anesthesiology and pharmacy services and so on. If any of the links in that chain restrict the patient flow, all of the following revenue centers will be adversely impacted. Therefore, the value of an individual physician must be viewed as part of a total revenue stream and not as a single billing entity.”
When asked about future physician hiring trends, Mr. McEachern added, “There is an interesting staffing situation developing. The current recession has reduced the rate of expansion for many hospitals and healthcare facilities, while delaying the retirement of many physicians in all specialties. As the market begins to recover, the same positive economic force that will stimulate the hospitals to begin their service line expansions will also allow many of the physicians wanting to retire to do so. This situation is forecast to lead to a dramatic increase in demand for the physicians’ services, and a dramatic decrease in the supply of physicians to fill those needs.” He continued, “We have been advising the Jackson & Coker hospital partners to begin their permanent recruitment process earlier and prepare for short term staffing adjustments by fully utilizing the locum tenens (temporary) physician staffing model. Our projections show that those facilities with adequate staffing will be in the strongest position post recession.”
The Jackson & Coker 2010-2011 Provider “Contribution to Operations” Percentage Calculator can be accessed at www.jacksoncoker.com.
About Jackson & Coker
Begun over three decades ago, Jackson & Coker has been a leader in physician recruitment and placement. Headquartered in metro Atlanta, the company is one of the nation’s most respected physician-staffing firms and has earned a reputation for providing cost-effective, time-sensitive solutions for both government and commercial health care organizations. The medical specialty team recruiters work in two divisions of the company: retained search (permanent physician placement)--which matches doctors in over 40 medical specialties with appealing physician practice opportunities--and locum tenens, a staffing model that recruits providers (physicians and CRNAs) for temporary healthcare positions. Locum tenens practitioners include young doctors completing residency, experienced physician specialists who are drawn to the “locum lifestyle,” and practitioners nearing retirement who want to supplement their income.
The firm’s recruiters focus on the medical specialties with greatest demand within the health care market: Anesthesiology / CRNA, Emergency Medicine, Primary Care, Psychiatry and Neurology, Radiology and Surgery.
Jackson & Coker has been awarded a “Gold Seal” designation as a “Certified Health Care Staffing Service” by The Joint Commission and is affiliated with a credentials verification organization (JH CVO) that has earned certification by the National Committee for Quality Assurance (NCQA) in ten out of ten credentialing elements.
Additionally, Jackson & Coker fully participates in social media networking. The company maintains sites on LinkedIn, Facebook, YouTube and Twitter, including separate medical specialty Twitter pages. More information about the firm and its links to social media initiatives found at www.jacksoncoker.com.
For more information:
Jackson & Coker
# # #
Read the full story at http://www.prweb.com/releases/Jackson_Coker/calculator/prweb3446184.htm.
Copyright©2010 Vocus, Inc.
All rights reserved