Practice Compensation Clause Samples
The Practice Compensation clause defines how and when compensation is provided for professional services rendered within a practice, such as a medical or legal group. It typically outlines the basis for payment—whether salary, percentage of revenue, or another formula—and may specify timing, bonuses, or adjustments based on performance metrics. This clause ensures that all parties have a clear understanding of payment expectations, reducing disputes and providing financial predictability for both the practitioner and the practice.
Practice Compensation. Each of the 80 participating practices will receive a total of $4000. The first payment ($500) is made upon enrollment of the practice, defined as having both a Letter of Agreement signed and randomization completed. Another $1500 will be paid when the 25 patients have been enrolled and have completed baseline data collection, $1000 upon completion of the 6-month follow-up assessment, and $1000 upon completion of final data collection. In addition, each practice will receive a laptop computer with access to the Patient Activated Learning System and 25 home blood pressure monitors, which are theirs to keep.
Practice Compensation. Deliverable-dependent practice infrastructure payments of up to $40,000, which can be used to offset the costs associated with measuring, reporting, and monitoring data needed for improving selected quality improvement metric(s). Funds may also be used for equipment, and to support staff time (pharmacist, provider champion, nurse care manager, practice manager, behavioral health clinician, as applicable) for conducting this project and participating in monthly and quarterly quality improvement activities. The $40,000 of financial support will be paid out based on the following criteria being met: $15,000 with execution of the Participative Agreement and team participation in the kickoff meeting (August 2022); $20,000 at the end of year-one and all deliverables/outcomes have been achieved for the first year (August 2023); $5,000 at the end of the QI initiative and all deliverables/outcomes have been achieved for the program (August 2024). Care Transformation Collaborative of RI Practice name: __________________________________ ____________________________________ Signature: ▇▇▇▇▇ ▇▇▇▇▇▇▇, Signature of authorized staff: Executive Director, CTC-RI Name: _________________________ Positon: ________________________ Identify members of the practice quality improvement (QI) team. The team should consist of 3 to 4 staff in different roles and include a pharmacy champion, practice clinical champion, an IT staff member, nurse care manager, practice manager Identify as part of application Select ABPM or proCGM as topic of focus Identify as part of application process Practice QI team participation in monthly meetings with the practice QI facilitator and quarterly with project data facilitator August 2022 - July 2024 24 months Practice team participates in kick-off Learning Collaborative meeting (in person or virtual, TBD) Content expert ABPM Content expert pro-CGM August 23rd, 2022 Project Planning and Preparation (Months 1-4): Team reviews internal data and identifies population of focus. Evaluate equipment options including integration with EMR. Brainstorm workflow September 2022 IT/EMR representatives recommended to be present at practice facilitation meetings Project Planning and Preparation: (Months 1-4): Team discusses proposed workflow and refines, as needed. Evaluates and selects equipment including integration with EMR and places purchase order. Discuss Patient Engagement plan/strategy, including method of evaluation. Discuss Care Team Engagement plan/strateg...
Practice Compensation. Practices will be eligible to receive Infrastructure payment of $18,000, in two installments, that practices can use to off-set costs associated with on boarding behavioral health clinician, developing coding and billing mechanisms needed for sustainability and costs associated with non-billable time. Eligibility for up to $10,000 in incentive payments based on meeting service delivery requirements and screening rate thresholds; Two years of monthly on-site consultation from a trained Pediatric Integrated Behavioral Health Practice Facilitator; Quarterly learning collaborative with content experts and best practice sharing from other practices participating in IBH initiative; Data management support in evaluating outcomes and utilization. Practices would select, implement and report on three out of five standardized evidence-based screening measures based on the populations of focus most relevant to the practice site. CTC will provide practices with measurement specifications that practices will apply when reporting screening outcomes. Payment will be prorated based on percentage of targets met. CTC will make incentive payment to the practice at the end of Start-up Year (Year 1) and the end of Performance Year (Year 2). CTC reserves the right to delay/withhold payments if Practice fails to meet any of the practice requirements.
Practice Compensation