A majority of Southeast and Midwest physician organizations expect to modify their existing physician compensation plans to incorporate non-production-based components, such as quality and patient satisfaction, according to two surveys from ECG Management Consultants.
ECG's Southeast survey analyzed compensation information from 1,539 healthcare providers, and the Midwest survey reported information from 3,785 healthcare providers. Findings from each of the 2011 surveys include the following:
Southeast survey
• Compensation relative to work relative value unit production was 16.2 percent lower for Southeast physicians than compensation for physicians in ECG's national data set.
• Overall benefit costs averaged $33,460 per physician, which represented 13.5 percent of their compensation. Health and retirement benefits were the most expensive benefits.
• Although recruiting primary care physicians has been difficult for Southeast physician groups, they are offering more creative recruitment benefits and higher-valued benefit packages to attract potential candidates.
Midwest survey
• Compensation relative to work RVU production increased for Midwest primary care physicians by 5.9 percent.
• Retirement contributions decreased to $10,588 per physician, while benefit costs rose slightly overall to 15 percent of total compensation.
ECG's Southeast survey analyzed compensation information from 1,539 healthcare providers, and the Midwest survey reported information from 3,785 healthcare providers. Findings from each of the 2011 surveys include the following:
Southeast survey
• Compensation relative to work relative value unit production was 16.2 percent lower for Southeast physicians than compensation for physicians in ECG's national data set.
• Overall benefit costs averaged $33,460 per physician, which represented 13.5 percent of their compensation. Health and retirement benefits were the most expensive benefits.
• Although recruiting primary care physicians has been difficult for Southeast physician groups, they are offering more creative recruitment benefits and higher-valued benefit packages to attract potential candidates.
Midwest survey
• Compensation relative to work RVU production increased for Midwest primary care physicians by 5.9 percent.
• Retirement contributions decreased to $10,588 per physician, while benefit costs rose slightly overall to 15 percent of total compensation.
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