4 Emerging Cardiology Compensation Components

Base salary, productivity and quality incentives are common components of any cardiologist's compensation package today, and according to an article from Integrated Healthcare Strategies, there are four other areas that have increasingly contributed to their pay over the past two years.

The emerging components include:

•    Outreach. Cardiologists can be compensated on a separate model or through relative value unit credit.

•    Financial performance. If the practice has strong financials, cardiologists are increasingly seeing extra pay through RVU rates or other "legally compliant performance incentives," according to the article.

•    Guarantees. Because cardiology is such a competitive field for hospitals, many are offering guarantees, such as signing bonuses and student loan forgiveness.

•    Advanced practitioner supervision. If a cardiologist supervises an advanced practitioner, such as a nurse practitioner, they may receive fair market value payments.

More Articles on Physician Compensation:

Which States Will Boost Medicaid Physician Pay the Most in 2013?
Market Data Remains Top Driver for Physician Salaries
3 Centerpieces in Hospital-Owned Physician Group Compensation Plans

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