More Providers Link Physician Pay to Quality, Patient Satisfaction

A majority of healthcare organizations modified their physician compensation plans last year to incorporate quality and patient satisfaction metrics, according to a survey from ECG Management Consultants.

ECG surveyed more than 21,000 physicians and caretakers within 110 organizations. More than half said they adjusted physician pay to account for those factors, which have become more important in the shift to value-based care, although 91 percent of respondents said they still use physician production to determine compensation.

However, Jim Lord, principal of ECG, said in a news release that the survey's results ultimately show "elements of reform have begun to make their way into physician compensation models."

"Physicians touch every aspect of our healthcare delivery system," he said. "Therefore, it is critical that their incentives are aligned with the goals of reform."

The group also found that retirement contributions, on average, were $17,524 per physician in 2012. Overall benefit costs went up to $43,501 per physician, or 16.3 percent of total compensation.

More Articles on Physician Compensation:
Orthopedic Surgeons: How High Can Their Salaries Go?
8 Statistics on Cardiothoracic Surgeon Compensation
Demand for Primary Care Physicians is Up, But What About the Pay?

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars