Compensation Issues

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74% of Healthcare Organizations Tie Physician Pay to Patient Satisfaction

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Healthcare organizations are increasingly using different ways to compensate physicians, as 74 percent of healthcare organizations with employed physicians tie physician pay to patient satisfaction, according to a SullivanCotter news release.

SullivanCotter recently released its 2011 Physician Compensation and Productivity Survey Report, which contains data from 424 healthcare organizations representing more than 66,000 providers.

The survey also found that 72 percent of physician compensation plans factored in physician quality. The amount of pay tied to elements such as quality and patient satisfaction is usually only 3-5 percent, but it is expected to increase to 7-10 percent over the next several years.

Other findings from the survey include the following:

•    Sixty-five percent of respondents pay some type of call coverage to some physicians, which is up from 54 percent in 2010.
•    Two-thirds of participants indicated they use non-compete agreements.
•    Roughly 75 percent of respondents said they use hiring bonuses.

Related Articles on Physician Compensation:

Physician Call Compensation Rates: 11 Determining Factors

CEOs Are Not the Only Million-Dollar Earners at Cincinnati Hospitals

Compensation & Competency: 4 Factors to Consider When Hiring Physicians

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