Employed Physicians to See Lower Salary Increases in 2014 Than Group Physicians
Physicians across the healthcare sector should expect a median salary increase of 2.4 percent next year, but hospital-employed physicians are likely to receive lower raises, according to consulting firm Hay Group's 2013 physician compensation survey.
Hay Group's survey found hospital-based physicians are expected to see median salary raises of 2.2 percent, compared with 3.7 percent for physicians in group practices.
In addition, primary care physicians are likely to receive larger pay increases than specialists in 2014.
Other findings from Hay Group's survey include the following:
• Roughly 63 percent of physicians had an annual incentive plan for this year, similar to last year.
• Incentive plan metrics are increasingly factoring in patient satisfaction, quality and outcomes.
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