Salaries of cardiology physicians in hospital-owned practices continue to increase, while physician-owned practices have experienced decreasing income over the past several years, according to a Cardiovascular Business report.
Financial and regulatory pressures are the top forces driving cardiology practices to integrate with hospitals, according to the report. As private practices struggle to recruit new physicians and negotiate good reimbursement levels, hospital ownership looks more attractive. David Gans, vice president of research for the Medical Group Management Association, said that compensation in hospital-owned practice is not dependent on collections, and changes in Medicare payment will only indirectly affect compensation.
Patrick J. White of MedAxiom noted that work RVUs per cardiology physician continue to climb slightly. According to the report, most integration deals with hospitals are structured around RVUs, with 90 percent of deals paying between $46 and $60 per work RVU, with additional incentives for quality.
Read the Cardiovascular Business report on cardiology salaries.
Read more on physician compensation:
-Compensation Rose 8% in 2011 for Orthopedic Surgeons, Neurosurgeons
-Criticism Launched at Dr. David Feinbrg, UCLA's "Million Dollar" Executive
-Male Physicians Still Out-Earn Female Physicians in Almost Every Specialty
Financial and regulatory pressures are the top forces driving cardiology practices to integrate with hospitals, according to the report. As private practices struggle to recruit new physicians and negotiate good reimbursement levels, hospital ownership looks more attractive. David Gans, vice president of research for the Medical Group Management Association, said that compensation in hospital-owned practice is not dependent on collections, and changes in Medicare payment will only indirectly affect compensation.
Patrick J. White of MedAxiom noted that work RVUs per cardiology physician continue to climb slightly. According to the report, most integration deals with hospitals are structured around RVUs, with 90 percent of deals paying between $46 and $60 per work RVU, with additional incentives for quality.
Read the Cardiovascular Business report on cardiology salaries.
Read more on physician compensation:
-Compensation Rose 8% in 2011 for Orthopedic Surgeons, Neurosurgeons
-Criticism Launched at Dr. David Feinbrg, UCLA's "Million Dollar" Executive
-Male Physicians Still Out-Earn Female Physicians in Almost Every Specialty