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 sli
|SOURCE Sullivan, Cotter and Associates, Inc.|
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