Medical oncologists are among the most highly paid specialty physicians, using a blend of productivity elements, base salary and other compensation forms, according to a 2013 medical oncology compensation survey from Integrated Healthcare Strategies.
Integrated Healthcare Strategies surveyed 39 healthcare organizations, which represent about 500 employed and independently contracted medical oncologists. Here are five key observations from the survey.
• Guaranteed base salaries for medical oncologists were more common under full hospital employment arrangements rather than professional services agreements.
• More than three-quarters of organizations that provided a salary or stipend for administrative services also employed the medical oncologists.
• About 70 percent of medical oncologists who received total work RVU credit for infusion services were also employed.
• Compensation for infusion services supervision was mostly determined by different types of WRVU credit structures.
• Base salaries and hourly rates were the most common forms of compensation for advanced practice clinicians in the field.
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