The report contains benchmarks and contract terms for more than 300 contracts covering anesthesia, intensivist, hospitalist, emergency, neonatology, pathology, radiology, pediatric hospitalists and radiation oncology services. Contracts are common among traditional hospital-based specialties, with specialty groups contracting for the right to be exclusive onsite providers in exchange for guaranteed coverage and oversight.
The lowest paid service, radiation oncology, is frequently unpaid; when it is, the median annual payment is $40,566. According to the report, there is significantly more variability in the range and types of payments made for hospital-based services. Twenty-four percent of hospital-based contracts were unpaid, and only 24 percent included payments for unsponsored care.
Twenty-one percent of contracts only pay medical directorship fees, and another 34 percent only pay for coverage services. Anesthesia and hospitalist contracts are more likely to have an incentive component, which exist in approximately seven percent of all contracts.
The survey also reports that regional location of a hospital has no effect on rates paid for call coverage. Hospitals paid the highest rates for on-call coverage of trauma surgery, at a median rate of $2,379 per day, and lowest for psychiatry, at $161 per day. Trauma status had the strongest correlation to on-call payment rates.
Read the release on MD Ranger’s second annual Physician Contract Benchmarks Report.
Read more on compensation:
–All New York State Salaries Now Listed Online
–Palomar Pomerado Hospital CEO Leads List of California’s Top-Paid Special District Workers
–Texas University Medical Center CEO Receives $117K in Incentive Pay for 2010 Goals
