Providers receiving on-call compensation are more likely to be compensated daily or annually than in previous years, according to Medical Group Management Association's Medical Directorship and On-Call Compensation Study: 2011 Report Based on 2010 Data.
Thirty-five percent of providers reported receiving on-call compensation daily, while 21 percent reported receiving an annual payment for on-call coverage in 2010. Invasive cardiologists reported the highest median daily rate of on-call compensation, at $1,600 per day on call. General surgeons earned a median of $1,150 per day, while urologists clocked in at $520 per day for on-call coverage.
Practice type and size have an impact on on-call compensation. OB/GYN physicians in single-specialty practice received on-call compensation two times higher than their peers in multi-specialty practices. Invasive cardiologists in single-specialty practices also reported higher rates than their peers in multi-specialty groups.
In some cases, groups with more physicians saw higher median rates for on-call compensation. Anesthesiologists earned $450 per day in groups with 25 or fewer FTE physicians, compared to $660 per day in groups with 26-75 FTE physicians.
Almost all physicians reported receiving higher holiday rates than weekend rates.
Read more about MGMA.
Click here to purchase a copy of MGMA's Medical Directorship and On-Call Compensation Survey: 2011 Report Based on 2010 Data.
Read more on compensation:
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Thirty-five percent of providers reported receiving on-call compensation daily, while 21 percent reported receiving an annual payment for on-call coverage in 2010. Invasive cardiologists reported the highest median daily rate of on-call compensation, at $1,600 per day on call. General surgeons earned a median of $1,150 per day, while urologists clocked in at $520 per day for on-call coverage.
Practice type and size have an impact on on-call compensation. OB/GYN physicians in single-specialty practice received on-call compensation two times higher than their peers in multi-specialty practices. Invasive cardiologists in single-specialty practices also reported higher rates than their peers in multi-specialty groups.
In some cases, groups with more physicians saw higher median rates for on-call compensation. Anesthesiologists earned $450 per day in groups with 25 or fewer FTE physicians, compared to $660 per day in groups with 26-75 FTE physicians.
Almost all physicians reported receiving higher holiday rates than weekend rates.
Read more about MGMA.
Click here to purchase a copy of MGMA's Medical Directorship and On-Call Compensation Survey: 2011 Report Based on 2010 Data.
Read more on compensation:
-UA Healthcare Interim CEO Receives $17M Severance Package
-3 Key Trends in Physician Compensation Design
-18 Statistics on Registered Nurse Bonuses