Physician compensation is changing as hospitals rapidly acquire physician practices and reimbursement levels decline. To augment their earnings in the face of reimbursement cuts, expensive practice investments and an uncertain future, physicians are looking for new methods of compensation that…
Compensation Issues
Stories on hospital executive compensation have littered newspaper headlines in 2011 so far. In April, Salinas (Calif.) Valley Memorial Healthcare System came under fire for the $4 million retirement package offered to outgoing president and CEO Sam Downing, while Wayne…
A survey by the Medical Group Management Association found median first-year guaranteed compensation was greater for specialty-care physicians in multispecialty practices than those in single-specialty practices, according to an MGMA news release.
Two hospital district commissioners have questioned the appropriateness of compensation at publicly-funded Valley Medical Center in Renton, Wash., and have been met by resistance from the other commissioners and hospital officials, according to a King5.com report.
A Jackson Healthcare survey of 1,512 physicians found 82 percent did not receive compensation from prescriptions, lab tests, diagnostic imaging, hospital admissions or facility/surgery fees, according to a company news release.
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University physician leaders were the second highest earners in the state after university coaches, according to a Baltimore Sun report.
Nine of the nation’s 10 highest-paying positions are in the medical field, with surgeons ranking at the top with a mean annual salary of $225,390, according to the Bureau of Labor Statistics. The BLS has released its Occupational and Employment…
Pittsburgh-based Sullivan, Cotter and Associates has expanded its Physician Compensation Practice with a team of seven associates joining the consulting firm, according to a company news release. The seven associates joining the firm are from Diversified Medical Management, the healthcare…
Jeffrey Romoff, president and CEO of the University of Pittsburgh Medical Center, received $4.01 million in salary, bonuses and benefits in 2009, according to a Pittsburgh Post-Gazette report. Mr. Romoff’s compensation was twice as much as his counterpart at Pittsburgh’s…
Tax documents filed today show Pittsburgh-based West Penn Allegheny Health System CEO Christopher Olivia, MD, received a base salary of $1.26 million in 2009, the latest year reported, according to a Pittsburgh Tribune-Review report. The reported 2009 salary is nearly…