Key result
Orthopaedic trauma surgeons provide comprehensive financial and community value requiring accurate accounting during negotiations.
Why the study?
The financial contributions and comprehensive value of orthopaedic trauma surgeons to healthcare and university institutions are difficult to accurately assess, complicating their employment relationships.
This paper provides a framework for orthopaedic trauma surgeons to demonstrate their comprehensive financial and non-financial value to healthcare institutions.
May guide value-based negotiations for orthopaedic trauma surgeons; leaves open prospective validation of the framework.
The financial realities of providing trauma care to injured patients can make it difficult to produce an accurate assessment of the cumulative value orthopaedic trauma surgeons provide to healthcare and university institutions. As with many political battles in the field of medicine, physicians who have been diligently focused on providing patient care were completely unaware of the impending upheaval around them. Whether orthopaedic trauma surgeons are employed or in some type of partnership with hospitals, too often surgeons find the relationship one-sided. In order to effectively negotiate with hospitals, surgeons must demonstrate the comprehensive value they provide to their respective healthcare institutions and universities. Orthopaedic trauma surgeons make direct and indirect financial contributions to the hospital in addition to educational and community services. The sum total of these valued contributions helps fund non-revenue generating programs, provides marketing opportunities, and improves the regional and national reputation of the healthcare institution. This paper provides a comprehensive review of the value contributed to healthcare institutions by orthopaedic trauma surgeons and will serve as a blueprint for all surgeons to accurately account for and demonstrate their value to hospitals while providing efficient and compassionate care to our patients.
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Hill et al. (2013) conducted a review in Orthopaedic trauma surgery practice management. Orthopaedic trauma surgeons provide comprehensive direct and indirect financial, educational, and community value to healthcare institutions, which must be accurately accounted for during negotiations.
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