11 Statistics on Physician Compensation and Contract Benchmarks

MD Ranger, a physician compensation benchmarking firm based in Burlingame, Calif., released its third annual physician contract benchmark report, which details physician compensation rates for on-call coverage, hospital-based physician services and other contracted areas.

The report used data from more than 5,000 physician contracts. Here are some of the key findings from the benchmark report.

Call coverage

•    On-call coverage contracts rose by an average of 8.8 percent, although call coverage did not fluctuate for most of the specialties.
•    Trauma centers pay an average of 22 percent more for call coverage than hospitals that are not designated trauma centers.
•    Trauma surgeons and orthopedic trauma surgeons had the highest on-call coverage compensation. Each had a median rate of $2,320 per day.
•    On-call compensation was 30 percent higher for weekend contracts compared with weekday contracts.
•    Multi-campus call coverage contracts were 25 percent less costly than single-campus contracts.

Medical direction, administrative and leadership services

•    Surgical specialties had the highest hourly rates for these services at $200 per hour, $50 higher than the median for all specialties.
•    Increasing hospital size by 100 beds made compensation swell by 16 percent per hour.
•    Independent hospitals required 50 percent more hours of their medical directors than hospitals within a health system.

Hospital-based physician services

•    Anesthesiologists had an average stipend of $707,000 for comprehensive coverage of the entire service — the most of any hospital-based service.
•    Roughly 7 percent of all contracts included incentives.
•    Nearly 20 percent of hospital-based on-call coverage contracts had a payment provision for taking care of the uninsured.

More Articles on Physician Compensation:

5 Trends in Physician Nonclinical Stipends

Physician Compensation Trended Downward in 2011

120 Statistics on Medical Director Compensation

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