Special care must be taken by home health and hospice agencies when contracting with referring physicians for medical director services. A compensation philosophy is a helpful tool for ensuring that organizational goals are aligned and medical director compensation is compliant with applicable health care laws and regulations. A compensation philosophy is a written document that describes an organization’s principles and approaches to compensation. Compensation philosophies are different from compensation plans. They are not overly detailed or complicated; they are most useful when they provide a general guide and effectively communicate an organization’s intent related to compensation. In this white paper, you'll learn the benefits of a compensation philosophy and how to build one.