Title
Authorize the Chief Executive Officer for Natividad Medical Center (NMC) or his designee to execute amendment No. 2 to the agreement with Pinnacle Healthcare Consulting LLC for physician fair market value analysis and consulting services, extending the agreement an additional two (2) year period (January 1, 2025 through December 31, 2026) for a revised full agreement term of January 1, 2022 through December 31, 2026, and adding $350,000 for a revised total agreement amount not to exceed $550,000.
Report
RECOMMENDATION:
It is recommended the Board of Supervisors:
Authorize the Chief Executive Officer for Natividad Medical Center (NMC) or his designee to execute amendment No. 2 to the agreement with Pinnacle Healthcare Consulting LLC for physician fair market value analysis and consulting services, extending the agreement an additional two (2) year period (January 1, 2025 through December 31, 2026) for a revised full agreement term of January 1, 2022 through December 31, 2026, and adding $350,000 for a revised total agreement amount not to exceed $550,000.
SUMMARY/DISCUSSION:
Pinnacle Healthcare Consulting, LLC supports the analysis of Fair Market Value (FMV) for physician compensation in compliance with state and federal guidelines. This agreement supplies in depth analysis in hard to recruit positions allowing NMC to negotiate physician contracts based on data analysis to comparable salaries in similar market areas.
OTHER AGENCY INVOLVEMENT:
The Office of County Counsel has reviewed and approved this amendment No.2 as to form, and the Auditor-Controller has reviewed and approved as to payment provisions. The amendment No. 2 has also been reviewed and approved by NMC's Finance Committee and by its Board of Trustees on April 12, 2024.
FINANCING:
The cost for this amendment No. 2 is $350,000 of which $60,000 is included in the FY 2023-24 Adopted Budget. Amounts for remaining years of the agreement will be included in those budgets as appropriate...
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