Analysis of Performance Pay for MGOA PhysiciansCustom

Analysis of Performance Pay for MGOA Physicians
According to Barro, Bozic and Zimmerman (2003), performance for pay for MGOA physicians is a system where physicians are rewarded based on their performance at work. This is done in a research and teaching hospital. Doctors are not to be paid on a flat salary scale as it was the case earlier on, but to take part in hospital profits sharing. This is aimed at improving their performance ability at work as well as improving the quality of services they provide to the patients. They will be compensated based on the number of patients they handle and quality of service they provide to them. Their salaries will also depend on the client payment for the services provided. It also checks on whether the compensation method is justified on compensating only for what has been done and whether it is beneficial to physicians. At the end it checks whether the pay for performance is a good method which will succeed and prevail in the current job market competitive world.
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