Annual performance-based incentive plans are on the rise for physicians in both presence and scale, according to Hay Group's recently released 2010 Physician Compensation Survey.
In 2010, 63 percent of hospitals offered physician incentive plan, up from 51 percent in 2009. Ninety-two percent of group-based organizations now offer incentive plans to physicians, up from 75 percent in 2009. Of the 28 healthcare organizations who responded to the survey saying they had no physician incentive plans, 39 percent said they were considering them.
The survey also showed a 2.9 percent base salary increase for 2010-11 compared to a 2.8 percent increase in 2009-10. Group-based physician practices, which offered higher increases of 4.8 percent in 2009-10, reported base salary increases of only 3.3 percent for 2010-11.
Learn more about Hay Group.
Read more about compensation:
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In 2010, 63 percent of hospitals offered physician incentive plan, up from 51 percent in 2009. Ninety-two percent of group-based organizations now offer incentive plans to physicians, up from 75 percent in 2009. Of the 28 healthcare organizations who responded to the survey saying they had no physician incentive plans, 39 percent said they were considering them.
The survey also showed a 2.9 percent base salary increase for 2010-11 compared to a 2.8 percent increase in 2009-10. Group-based physician practices, which offered higher increases of 4.8 percent in 2009-10, reported base salary increases of only 3.3 percent for 2010-11.
Learn more about Hay Group.
Read more about compensation:
-8 Statistics About Compensation of CEOs and CFOs of Non-Profit Healthcare Organizations
-4 Trends in Non-Profit Hospital Executive Compensation Over the Next 5 Years