MD Ranger, a physician compensation benchmarking firm based in Burlingame, Calif., released its third annual physician contract benchmark report, which details physician compensation rates for on-call coverage, hospital-based physician services and other contracted areas.
The report used data from more than 5,000 physician contracts. Here are some of the key findings from the benchmark report.
Call coverage
• On-call coverage contracts rose by an average of 8.8 percent, although call coverage did not fluctuate for most of the specialties.
• Trauma centers pay an average of 22 percent more for call coverage than hospitals that are not designated trauma centers.
• Trauma surgeons and orthopedic trauma surgeons had the highest on-call coverage compensation. Each had a median rate of $2,320 per day.
• On-call compensation was 30 percent higher for weekend contracts compared with weekday contracts.
• Multi-campus call coverage contracts were 25 percent less costly than single-campus contracts.
Medical direction, administrative and leadership services
• Surgical specialties had the highest hourly rates for these services at $200 per hour, $50 higher than the median for all specialties.
• Increasing hospital size by 100 beds made compensation swell by 16 percent per hour.
• Independent hospitals required 50 percent more hours of their medical directors than hospitals within a health system.
Hospital-based physician services
• Anesthesiologists had an average stipend of $707,000 for comprehensive coverage of the entire service — the most of any hospital-based service.
• Roughly 7 percent of all contracts included incentives.
• Nearly 20 percent of hospital-based on-call coverage contracts had a payment provision for taking care of the uninsured.
The report used data from more than 5,000 physician contracts. Here are some of the key findings from the benchmark report.
Call coverage
• On-call coverage contracts rose by an average of 8.8 percent, although call coverage did not fluctuate for most of the specialties.
• Trauma centers pay an average of 22 percent more for call coverage than hospitals that are not designated trauma centers.
• Trauma surgeons and orthopedic trauma surgeons had the highest on-call coverage compensation. Each had a median rate of $2,320 per day.
• On-call compensation was 30 percent higher for weekend contracts compared with weekday contracts.
• Multi-campus call coverage contracts were 25 percent less costly than single-campus contracts.
Medical direction, administrative and leadership services
• Surgical specialties had the highest hourly rates for these services at $200 per hour, $50 higher than the median for all specialties.
• Increasing hospital size by 100 beds made compensation swell by 16 percent per hour.
• Independent hospitals required 50 percent more hours of their medical directors than hospitals within a health system.
Hospital-based physician services
• Anesthesiologists had an average stipend of $707,000 for comprehensive coverage of the entire service — the most of any hospital-based service.
• Roughly 7 percent of all contracts included incentives.
• Nearly 20 percent of hospital-based on-call coverage contracts had a payment provision for taking care of the uninsured.
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