By John McDaniel bio As you may know, all physician contracts which include any form of WRVU based compensation will need to be reviewed and probably amended due to the increase in WRVUs (work relative value units) associated with E&M CPT codes effective Jan. 1, 2021. We recently conducted an assessment for one of our hospital clients which showed the ʺunintended … [Read more...] about Impact of 2021 evaluation and management coding changes to WRVU based physician compensation
Turnover should be at the top of every manager's worry list. Yet it isn't because managers don't realize how expensive it is, says Jennifer Loftus, national director of Astron Solutions, a human resource and compensation consulting firm in New York City. "They think it's just a matter of being behind the eight ball for a couple of weeks." It's far more than that. Even on … [Read more...] about Five reasons why staff hate their jobs and look for greener pastures
Sixty-eight percent of employees are not sure how the Tax Cuts and Jobs Act (TCJA) will impact their finances, according to the 2018 "Getting Paid In America" survey conducted by the American Payroll Association. "With recent changes to tax laws, it's more important than ever that employees review their current tax withholding," said Dan Maddux, executive director of the APA. … [Read more...] about The Tax Cuts and Jobs Act: Are you and your staff getting the most out of each paycheck?
Every year, the American Payroll Association (APA) conducts an annual survey for National Payroll Week, with the goal of helping American employee better understand their paychecks. According to the APA, this knowledge can help employees make smarter decisions with how they're paid. "Maximizing your paycheck is immensely important," said Dan Maddux, executive director of the … [Read more...] about Higher wages, better health benefits, or larger tax refunds? Survey looks at 2017 payroll trends