Protect Your Revenue
Help reduce the financial disruption that can occur when a highly productive professional leaves.
RETENTION STRATEGY PARTNERS
Keep Your Best
Medical Professionals
Longer.
Your most valuable physicians and healthcare professionals have options. Give them another reason to stay.
Retention Strategy Partners helps medical groups and healthcare organizations develop customized financial retention programs that reward key professionals for their continued service.
We provide planning, implementation coordination, and ongoing support for both W-2 employees and 1099 independent contractors.
An investment in the people who make your practice.
BUILT AROUND YOUR PEOPLE
Medical Groups
Physician-Owned Practices
Healthcare Organizations
Dental Groups
WHY RETENTION MATTERS
Replacing a Key Medical Professional Can Be Expensive. Keeping Them Should Be a Priority.
Losing an experienced physician or key medical professional can disrupt patient care, reduce revenue, increase recruiting costs, and place additional pressure on the rest of the team.
Maintain Continuity
Support more consistent patient care, scheduling, and team relationships.
Reward Loyalty
Give valuable professionals an additional financial reason to build their future with your organization.
A thoughtful retention strategy can help protect the people who help make your organization successful.
TWO RELATIONSHIPS. TWO APPROACHES.
Different Employment Relationships.
Different Retention Solutions.
Medical organizations may work with W-2 employees, 1099 independent contractors, or both. The financial incentives available for each group can differ.
W-2 EMPLOYEES
Retain Your Key W-2 Employees
Reward your most valuable employees with additional financial benefits designed to encourage long-term commitment.
- Employer-funded retention benefits
- Deferred compensation arrangements
- Supplemental retirement benefits
- Performance and service-based incentives
- Long-term financial rewards
Create meaningful financial incentives that help employees see a future with your organization.
Explore W-2 Retention Strategies1099 INDEPENDENT CONTRACTORS
Retain Your Key 1099 Professionals
Explore customized contractual incentives that reward continued service while accounting for the distinct legal and tax considerations of independent contractors.
- Long-term service incentives
- Contractual deferred-payment arrangements
- Milestone-based compensation
- Performance and continued-service rewards
- Customized financial retention arrangements
Give important independent professionals a financial reason to continue working with your organization.
Explore 1099 Retention StrategiesW-2 employee and 1099 independent-contractor arrangements involve different legal, tax, and benefit-plan considerations. Every arrangement requires appropriate professional review.
HOW RETENTION STRATEGIES WORK
Reward the People Who Stay.
A financial retention strategy creates an opportunity for important professionals to earn additional benefits by meeting agreed-upon goals or remaining with an organization for a specified period.
01
Identify
Choose the physicians and medical professionals who are most important to your organization.
02
Design
Determine what financial reward would be meaningful and affordable.
03
Earn
Create clear requirements for how and when the benefit is earned.
04
Deliver
Provide the benefit according to the written agreement and applicable legal requirements.
The longer a professional stays and meets the agreed-upon conditions, the more valuable the potential financial reward may become.
OUR SERVICES
From Retention Strategy to Ongoing Support.
We help healthcare organizations through the full planning and implementation process.
Retention Assessment
Identify the professionals your organization wants to retain and evaluate the cost and impact of losing them.
Customized Plan Design
Explore benefit amounts, service requirements, payment schedules, and financial structures aligned with your goals.
Implementation Coordination
Coordinate with CPAs, attorneys, financial specialists, and benefit providers to help implement the selected arrangement.
Ongoing Administration & Reviews
Support the ongoing management of the arrangement through periodic reviews and coordination with appropriate administrative providers.
One coordinated process to help make employee retention planning easier to implement and maintain.
ADVANCED SOLUTIONS TEAM
Specialized Expertise.
Practical Solutions.
Healthcare retention arrangements can involve legal, tax, financial, and administrative considerations. We help coordinate qualified specialists who can assist with evaluating and implementing appropriate strategies.
- CPAs
- Attorneys
- Financial planning specialists
- Business solutions specialists
- Insurance and funding specialists
- Third-party administrators
Professional resources depend on the engagement. Our goal is to simplify planning by coordinating the professionals and resources needed for a practical retention strategy.
LET’S TALK ABOUT YOUR TEAM
Give Your Best People
a Reason to Stay.
You’ve invested years building your team. Let’s explore financial retention strategies for the medical professionals who matter most.
Complimentary Retention ReviewA conversation about your organization’s needs, whether your team includes W-2 employees, 1099 professionals, or both.
Supported programs have a monthly plan administration fee. Scope and fees are outlined in a customized written proposal.