Specialties with the largest percent increase in pay rates

Physician pay rates remained stable across most specialties in 2014, but a few specialties showed significant increases compared to 2013 pay rates, according to MD Ranger's seventh annual physician contract benchmark report.

MD Ranger collects data from more than 160 facilities in 31 states to benchmark payments for medical directorship, medical staff leadership, administrative roles, emergency call coverage payments, hospital-based service stipends, clinics and diagnostic testing rates.

MD Ranger reported the following percentage increases in physician rates in 2014.

  • Neonatology — 35 percent
  • Psychiatry — 34 percent
  • Cardiac Anesthesia — 32 percent
  • Neurology (accredited stroke center) — 30 percent
  • Interventional Radiology (all types) — 26 percent

Physician pay rates are also significantly influenced by hospital size and trauma centers. According to the report, pay increases by 32 percent on average for services provided at trauma centers.

"Hospital payments for non-clinical physician services continue to increase. MD Ranger identified more than 162 types of paid services among its subscribers. The number of paid physician positions continues to increase particularly for quality initiatives, electronic health record training, committee attendance and other administrative roles that are important to the functioning of hospitals," MD Ranger Founder and CEO Penny Stroud said in a statement.

 

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