Physician Contract Glossary · Compensation
Setting Fees
Setting fees refers to who holds the authority to determine the prices charged for medical services.
Fee-setting authority determines who decides what the practice charges for each service. Owners and partners typically hold this power; employed physicians rarely do. It connects directly to your compensation in collections and production models, because the prices set upstream shape the revenue your pay is calculated from.
If your pay depends on collections, ask who sets the fee schedule and how often it is updated against payer contracts. Fees frozen for years quietly erode collections-based income.
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