Physicians in Washington and Oregon experienced increases in both compensation relative to work relative value unit production and their own retirement contributions in 2010, according to an ECG Management Consultants survey.
ECG's Northwest survey included data from 4,362 healthcare providers. It found that compensation relative to work RVU production increased for Northwest physicians by 5 percent in 2010. Additionally, retirement contributions increased from $13,351 to $15,897 per physician from 2009 to 2010, while benefit costs overall fell to 17.5 percent of compensation.
Other results of the survey include the following:
• Most Northwest physician organizations plan to modify existing physician compensation models to include non-production-based components, such as patient satisfaction and quality.
• Health system-employed groups allocated approximately 23 percent of collections into their physician-based entities.
• Roughly 98 percent of respondents said they employ advanced practice clinicians (i.e., physician assistants, nurse practitioners, etc.), and most said the recruitment of APCs is driven by the physician shortage seen throughout the country.
Physician Executive Compensation: How Are Top Physician Leaders Paid?
Neonatal Medicine Specialists Have Highest Salaries Among Pediatricians
ECG's Northwest survey included data from 4,362 healthcare providers. It found that compensation relative to work RVU production increased for Northwest physicians by 5 percent in 2010. Additionally, retirement contributions increased from $13,351 to $15,897 per physician from 2009 to 2010, while benefit costs overall fell to 17.5 percent of compensation.
Other results of the survey include the following:
• Most Northwest physician organizations plan to modify existing physician compensation models to include non-production-based components, such as patient satisfaction and quality.
• Health system-employed groups allocated approximately 23 percent of collections into their physician-based entities.
• Roughly 98 percent of respondents said they employ advanced practice clinicians (i.e., physician assistants, nurse practitioners, etc.), and most said the recruitment of APCs is driven by the physician shortage seen throughout the country.
Related Articles on Physician Compensation:
Dr. Linda Brodsky: 5 Major Issues With Physician CompensationPhysician Executive Compensation: How Are Top Physician Leaders Paid?
Neonatal Medicine Specialists Have Highest Salaries Among Pediatricians