Case Study
Helping Healthcare Administrators Streamline Physician Compensation
An innovative self-service platform that empowers healthcare administrators with step-by-step guidance, automated compliance checks, and real-time data insights.
Challenge: Simplifying Physician Compensation Valuation
Determining fair market value and designing compensation plans for physicians is a complex and time-consuming process. Healthcare administrators often rely on expensive consultants due to the regulatory requirements, specialized expertise, and high costs of data acquisition. Pinnacle Healthcare Consulting sought to simplify this process to save time and resources while maintaining accuracy and compliance.
Sourcetoad's expertise and commitment have allowed us to deliver a more powerful and user-friendly solution to our clients.
Solution: A Self-Service Compensation Planning System
Sourcetoad partnered with Pinnacle to develop a self-service application that simplifies physician compensation planning for healthcare administrators. The platform features a guided wizard interface, leveraging Pinnacle’s expertise to walk users through the process step by step. An embedded risk engine automatically flags compensation figures that fall outside fair market value, prompting users to seek expert guidance when necessary. Additionally, automated compliance checks ensure that all compensation plans align with regulatory and industry standards, reducing risk and improving accuracy.
Results
Increased Efficiency: Healthcare administrators can now perform compensation planning and fair market value assessments quickly and independently, reducing reliance on consultants for routine tasks.
Cost Savings: The solution lowers the cost for healthcare facilities by minimizing consultant hours needed for standard work.
Enhanced Consultant Productivity: Pinnacle’s consultants can focus on high-value, complex cases instead of routine planning tasks.
Improved Data Insights: The system creates a richer data environment, enabling more informed decision-making and future planning.
This partnership between Pinnacle and Sourcetoad demonstrates how technology can transform a traditionally complex process into a streamlined, user-friendly system. The solution not only empowers healthcare administrators but also enhances Pinnacle’s service offerings, positioning them as a leader in healthcare compensation consulting.
