Pediatric subspecialty physicians saw their compensation increase 5.5 percent last year — the fourth straight year compensation has increased, according to ECG Management Consultants' sixth annual national pediatric subspecialty physician compensation survey.
ECG's pediatric survey collected data from more than 3,800 pediatric subspecialists in more than 40 medical, surgical and hospital-based pediatric subspecialties. Other findings from the survey include:
• Production-adjusted compensation increased 1.3 percent.
• Cost of benefits averaged $37,528 per physician, or 17 percent of total compensation. Retirement contributions represented the largest portion of that total at an average of $13,917 per physician.
• More than half of surveyed members plan to modify their current physician compensation plans to incorporate non-production-based components, such as quality, patient satisfaction and patient access.
ECG's pediatric survey collected data from more than 3,800 pediatric subspecialists in more than 40 medical, surgical and hospital-based pediatric subspecialties. Other findings from the survey include:
• Production-adjusted compensation increased 1.3 percent.
• Cost of benefits averaged $37,528 per physician, or 17 percent of total compensation. Retirement contributions represented the largest portion of that total at an average of $13,917 per physician.
• More than half of surveyed members plan to modify their current physician compensation plans to incorporate non-production-based components, such as quality, patient satisfaction and patient access.
More Articles on Physician Compensation:
A Lesson in Pay: How Geisinger Health System Compensates Physicians
24 Statistics on Surgical Physician Compensation Growth
10 Statistics on Radiologist Salaries