WHITE PAPER
Sustainable, Affordable Hospital Medicine Practices
Sound Hospital Medicine’s goal is to bring sustainably affordable practice to our partners, from the first day of the contract to the last. We do that through our predictable practice model that ties compensation to results, offers better revenue cycle projection, and optimizes labor cost.
The result is a contract that stays steady, and a relationship built on transparency: you’ll never experience hidden fees or surprise price hikes with us.
- We’re consistent on cost and customer satisfaction.
- Sound’s average subsidy increase over the past five years is within 0.5% annually.
- From year one to year three, you'll see our costs stay flat over the course of your hospital medicine program.
Over five years, our average subsidy increase is just .5 percent annually, compared with industry indexes between 4.2 percent and 5.7 percent annually.
With competitor contracts, subsidy costs can increase as much as $180K per FTE over three years. That can add up to a nearly 20 percent increase over the life of the contract.
Not all contracts are equal
An attractive bottom line isn’t always what it seems. We invite you to review the enclosed white paper to better understand what an apples-to-apples comparison looks like when considering a hospital medicine partner. Download the full white paper to see the full list.
- Risk-to-benefit ratio.
- Total compensation and benefit details.
- Does the contract include transition costs, temp labor protection, and more.
- Individual line item costs, such as staffing model/mix, payer collections, etc.