Navigation Links
Compensation Decreases Indicated for Physicians
Date:11/13/2007

2007 PHYSICIAN COMPENSATION AND PRODUCTIVITY SURVEY

Released by Sullivan, Cotter and Associates, Inc.

CHICAGO, Nov. 13 /PRNewswire/ -- Sullivan, Cotter and Associates, Inc. has published its 2007 Physician Compensation and Productivity Survey Report, the industry standard now in its fifteenth edition. The survey report outlines: base salary, total cash compensation and productivity by physician level; pay practices; incentive compensation; physician benefits and perquisites; resident compensation; hourly rates; on-call pay and more. This year, 263 organizations participated in the survey, which includes data for nearly 40,000 physicians, residents, PhDs, mid-level providers and medical group executives. Data is reported on 171 physician, PhD and mid-level provider specialties and seven medical group executive positions.

A full 17% of the survey participants reported a decrease in the total cash compensation levels for at least some of their physicians in 2007; this is slightly less than the 21% that reported decreasing compensation levels in 2006. Decreases to physician total cash compensation levels is primarily based on physician productivity levels.

Organizations continue to rely heavily on incentive programs to compensate their physicians. The key measures used for both specialists and primary care physicians are work Relative Value Units, collections and patient satisfaction. On average, incentive awards for specialists last year were 21% and awards for primary care physicians were 17% of base salary.

This year, for the first time, SullivanCotter surveyed emerging specialties such as Laborists, Surgicalists and Nocturnists. While the data for these specialties is still somewhat limited, it does let us know that physicians providing these services are beginning to emerge in the market. "Based on the data received by SullivanCotter, the total cash compensation levels paid to these physicians appears to be slightly lower than the compensation levels paid for physicians within their respective specialties. This may be because these specialties tend to attract newer physicians just out of residency," said Kim Mobley, Principal of SullivanCotter and the director of the survey.

Overall average salary increases in 2006 for specialists was 4.5% and for primary care physicians the overall average salary increase was 4.3%. Projections for 2007 are comparable to 2006. These figures are higher than recent years in which the average salary increases for physicians were hovering around 3.0-3.5%, noted Mobley.

This year's survey report also reveals that nearly one-half (48%) of the survey participants provide oncall pay to at least some of their physicians. The most commonly reported specialties receiving on-call pay are Orthopedic Surgeons, Trauma Surgeons and Neurosurgeons.

The 2007 Physician Compensation and Productivity Survey Report is now available for purchase. The cost to healthcare organizations agreeing to participate in next year's survey is $600, while the cost for healthcare organizations not wishing to participate is $1,500. For all other types of organizations, the cost is $3,000. A CD containing the survey data tables is also available for purchase by the organizations, which purchase the survey. To order a copy of the survey report, please visit the SullivanCotter website at http://www.sullivancotter.com or contact Janis D'Annunzio, survey coordinator, at 313/872-1760, toll-free at 888/739-7039, or email janisd@sullivancotter.com

Sullivan, Cotter and Associates, Inc. specializes in the development and implementation of strategic total compensation and reward programs for the healthcare industry. Since 1992, SullivanCotter has worked closely with healthcare organization executives, boards and compensation committees to devise innovative compensation solutions that attract and retain leadership and physician talent while satisfying not-for-profit missions and regulatory requirements. A leader in independent consulting, benchmarking, trends and analyses, SullivanCotter has also developed the most widely recognized physician and executive compensation surveys in the United States. SullivanCotter has offices in Atlanta, Boston, Chicago, Dallas, Denver, Detroit, New York City, Parsippany, San Francisco and Westport. For more information and to purchase the survey, visit http://www.sullivancotter.com or call 888-739-7039 toll-free.


'/>"/>
SOURCE Sullivan, Cotter and Associates, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. The Integrated Benefits Institute Offers Largest Benchmarking Database in U.S. Spanning Disability and Workers Compensation Programs
2. Nurses and Hospital Employees Top Concerns: Communication, Staffing and Compensation
3. California Restaurant Association Chooses EMPLOYERS(R) as its New Provider of Choice for Members Workers Compensation Insurance Needs
4. Modernizing and Improving the Disability and Compensation Systems
5. Preventing or reducing enlarged heart decreases risk of heart failure
6. Radiation seed implant decreases risk of death over watchful waiting
7. CRESTOR(R) Now Indicated to Slow the Progression of Atherosclerosis in Patients With Elevated Cholesterol
8. Broad-based group of physicians calls for improvement in stroke treatment
9. Latest DES Analysis Stresses Importance of Physicians Well-Trained in Implantation Technique and Patient Follow-Up
10. Psychiatrists are the least religious of all physicians
11. Maimonides Expands Circulation of Physicians Practice Journal to Staten Island Doctors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Comfort Keepers® ... American Cancer Society and the Road To Recovery® program to drive cancer patients to ... and other adults to ensure the highest quality of life and ongoing independence. ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty Network, ... M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... the most handsome men, look naturally attractive. Plastic surgery should be invisible.” He ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, Rockville, ... dedicated to helping service members that have been wounded in battle and their families. ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... and infrastructure. Most providers, however, are unsure how to move forward, given the ... to define a path forward tailored to an organization’s specific needs. , PYA ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Dr. Seema ... joins Evans Dermatology in the South Lamar location as of July 13, 2016. , ... Medical School. As a medical student, she regularly volunteered at the Agape Clinic serving ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... HILLS, Calif. , June 23, 2016 Any ... the many challenges of the current process. Many of them ... because of the technical difficulties and high laboratory costs involved. ... have to offer it at such a high cost that ... afford it. Dr. Parsa Zadeh , founder ...
(Date:6/23/2016)... Research and Markets has announced the ... 2016 - Forecast to 2022" report to their offering. ... up to date financial data derived from varied research sources ... with potential impact on the market during the next five ... comprises of sub markets, regional and country level analysis. The ...
(Date:6/23/2016)... MOUNTAIN VIEW, Calif. , June 23, 2016 ... 9:00 a.m. CST on Thursday, July 7, 2016 , , ... kayla.belcher@frost.com ) , , , , EXPERT PANELISTS:  ... Sciences, Nitin Naik; Senior Industry Analyst, Christi Bird; Senior Industry Analyst, ... The global pharmaceutical industry is witnessing ...
Breaking Medicine Technology: