35% of Hospital Medical Directors Receive Performance Bonuses

Roughly 35 percent of hospitals and health systems offer performance bonuses to their medical directors, an 8 percent jump from last year, according to a report from Integrated Healthcare Strategies.

Integrated Healthcare Strategies released its 2012 Medical Director Survey, which gathered compensation data from more than 3,000 medical directors at hundreds of hospitals and health systems. Here are some of the findings from the survey:

•    Median hourly pay rates increased 2 percent from 2011 to 2012.

•    Seventy-seven percent of organizations said their medical directors have compensation contracts, most of which are one-year deals.

•    Two-thirds of contracts require the medical director to log his or her time.

•    Employed medical directors are paid 2.8 percent less than independently contracted medical directors.

More Articles on Medical Director Compensation:

Paying Hospital Medical Directors for Performance on the Rise

3 Major Trends of Call Coverage, Medical Direction

120 Statistics on Medical Director Compensation

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars