How is the WPPM different from other physician compensation models?
First, forget what you know about traditionally employed salaried physicians or physician compensation based on relative value unit (RVU). The time-clock-punching mentality just doesn’t work with independently trained and driven physicians. The RVU approach quickly becomes outdated due to changes in reimbursement causing the health system to lose large financial dollars per physician. The WPPM focuses on tiered production, paying the physician a market-based higher percentage of net professional billings as the physician pays his or her overhead. This tiered model, which has proven successful in many diverse markets across the country, allows individual physician practices to exist inside a larger group practice of physicians, or within a hospital network of physicians. It emulates the best of private practice without sacrificing the group as a whole. The WPPM model is the force behind Moody’s recognition of Mercy Health System as one of a few systems nationally that has “successfully
