A Discussion of 'Non-Financial Performance Measures and Physician Compensation'
Posted: 1 Jun 2010
Date Written: June 1, 2010
The Evans, Kim, Nagarajan, and Patro (2010) (EKNP) study maps rich survey data into plausible proxies for an array of conceptual variables of interest. It documents novel empirical evidence of determinants of the use of contractible performance measures and demonstrates the importance of non-financial performance measures (NPMs) in compensating physicians. The study also highlights the importance to future NPM researchers of a clear definition of NPMs and the application of that definition consistently throughout a given study. In addition, it is conceivable that the variables the EKNP study uses as moderators of the pay-for-performance relation might also moderate pay-for-complexity and pay-for-size relations. Finally, a further path forward from the study’s context is that physician attributes, which can be measured in creative ways, likely affect physician compensation.
Keywords: Non-Financial Performance Measures, Physician Compensation, Pay-for-Performance Sensitivity
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