As an emphasis on value-based care increases, healthcare leaders with strong clinical backgrounds are in high demand, increasing opportunities for physicians in high-paying executive roles, according to SullivanCotter's 2018 Physician Executive Compensation Survey Report and 2018 Medical Group Executive Compensation Survey Report.
SullivanCotter's physician executive compensation survey includes total cash compensation data on physicians in C-Suite, service line and other executive roles. The survey provides data from more than 900 participating organizations with information on nearly 1,500 physician executives and 27 positions.
The medical group executive compensation survey includes base salary and total cash compensation information for physicians and advanced practice providers. This survey provides data from nearly 300 medical groups on over 130,000 physicians and advanced practice providers.
Here are 12 statistics on physician executive compensation, listed according to position (No. 1, No. 2 and No. 3 are from the physician executive compensation survey. No. 4 is from the medical group executive compensation survey.):
1. Top clinical integration/transformation executive (MD)
Base salary: $480,000
Total cash compensation: $596,900
Percent change in total cash compensation from 2017-18: 7.2 percent
2. Top medical informatics executive (MD)
Base salary: $338,100
Total cash compensation: $376,900
Percent change in total cash compensation from 2017-18: 7.6 percent
3. Top quality executive (MD)
Base salary: $387,900
Total cash compensation: $461,700
Percent change in total cash compensation from 2017-18: 5.5 percent
4. Medical group CEO* (MD)
Base salary: $438,500
Total cash compensation: $493,400
Percent change in total cash compensation from 2017-18: 11.3 percent
*In organizations with less than 200 physician full-time equivalents.