In a recent survey of more than 1,000 physicians, 45 percent of participants said they expect to be paid more than they are now if they are employed by a hospital, according to a PwC report.
PwC has released the second report of its two part series on physician-hospital relationships, titled From Courtship To Marriage Part II: How Physicians and Hospitals Are Creating Sustainable Relationships. The online survey was administered in summer 2010 to more than 1,000 physicians balanced by age, gender, practice type and specialty.
Physicians said half their compensation should be fixed salary with the remainder incentive based. Forty-five percent of physicians considering hospital employment said they expect to be paid more than they are now. The range of expected compensation was an increase of 1-4.7 percent, with 2.4 percent being the average.
Seventeen percent of physicians surveyed said they would accept a decrease in overall compensation when considering employment and 38 percent said they would accept the same amount. This acceptance of decreased or static salary may reflect the security that physicians sense around hospital employment.
The study also includes findings related to governance and physician practices. More than 90 percent of physicians said they should be involved in hospital governance activities, and nearly two-thirds of physicians said they can devote time to leadership and management activities. More than 75 percent said they have time to be involved in performance improvement initiatives, 71 percent said they have time for hospital executive leadership roles and 69 percent said they have time to participate in the board of directors/trustees.
Slightly more than 60 percent of physicians said nationally accepted physician practice guidelines have the potential to change current physician practice patterns. Thirty percent of physicians preferred locally-developed guidelines.
Read the PwC report, From Courtship To Marriage Part II: How Physicians and Hospitals Are Creating Sustainable Relationships.
Read more on physician-hospital relationships:
- 15 Statistics on Physician-Hospital Alignment
- 6 Essential Strategies for Physician Integration
PwC has released the second report of its two part series on physician-hospital relationships, titled From Courtship To Marriage Part II: How Physicians and Hospitals Are Creating Sustainable Relationships. The online survey was administered in summer 2010 to more than 1,000 physicians balanced by age, gender, practice type and specialty.
Physicians said half their compensation should be fixed salary with the remainder incentive based. Forty-five percent of physicians considering hospital employment said they expect to be paid more than they are now. The range of expected compensation was an increase of 1-4.7 percent, with 2.4 percent being the average.
Seventeen percent of physicians surveyed said they would accept a decrease in overall compensation when considering employment and 38 percent said they would accept the same amount. This acceptance of decreased or static salary may reflect the security that physicians sense around hospital employment.
The study also includes findings related to governance and physician practices. More than 90 percent of physicians said they should be involved in hospital governance activities, and nearly two-thirds of physicians said they can devote time to leadership and management activities. More than 75 percent said they have time to be involved in performance improvement initiatives, 71 percent said they have time for hospital executive leadership roles and 69 percent said they have time to participate in the board of directors/trustees.
Slightly more than 60 percent of physicians said nationally accepted physician practice guidelines have the potential to change current physician practice patterns. Thirty percent of physicians preferred locally-developed guidelines.
Read the PwC report, From Courtship To Marriage Part II: How Physicians and Hospitals Are Creating Sustainable Relationships.
Read more on physician-hospital relationships:
- 15 Statistics on Physician-Hospital Alignment
- 6 Essential Strategies for Physician Integration