Be Transparent or Don’t Risk-Share At All

If you’re going to risk-share with your primes, be transparent.

 

 

I’ve recently been contacted in a number of cases where the employed clinicians have been contracted to financially risk-share with their employers, only to have the employers cook the numbers and keep some of their revenue.

 

 

In each case, the promised risk-share was murky with no regular sharing of data between the employers and the clinicians.

 

 

Why anyone in management thought this was a good idea is unclear. The whole point of risk-sharing is to reward and reinforce your clinician’s positive actions.

 

 

Instead, you wind up alienating them—with any short-term financial gain being offset by the loss of confidence and legal action.

 

 

Even if you’re not stealing from your clinicians, if you risk-share you should absolutely be transparent, with education regarding the contract and regular reporting with simple, easy to understand measures.

 

 

These are the initiatives that engender confidence and positive change.

 

 

And if you’re risk-sharing, that’s what you’re aiming for, not just making a short-term buck.