Physician Salaries Expected to Rise in 2013
Hay Group, which conducted its survey through interviews and reports of more than 132 physician specialties, found that hospital-based physicians will garner the smallest pay increases at 2 percent. Physicians in group practices can expect to see salary raises of 3 percent, the highest of any organization type.
Here are other major takeaways from Hay Group's survey:
• Physicians saw actual salary increases of 2.5 percent in 2012.
• Employment contracts continued to trend upward last year. In hospitals, 70 percent of physicians had employment contracts in 2012 compared with 64 percent in 2011. Sixty-seven percent of group-based physicians had employment contracts last year compared with 56 percent in 2011.
• Quality measures are becoming more prominent in determining physician incentive payouts.
• Eighty-eight percent of organizations provided some form of malpractice insurance to physicians, and of those groups, 97 percent provided it at no cost.
More Articles on Physician Compensation:
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.