Physician executives with clinical duties at hospitals and health systems are on the rise, and more physician executives are receiving formal training and education, according to a survey from Navvis & Company.
The survey of chief medical officers at health systems and hospitals in the U.S. revealed the following key findings:
• Fifteen percent of full-time CMOs have clinical duties — an increase from last year’s 12 percent.
• Those with clinical responsibilities earn approximately 10 percent less in compensation, but report working fewer hours than those executives who do not have clinical responsibilities.
• More than 80 percent of physician executives either already have an advanced management degree or are currently pursuing one — an increase from approximately 60 percent in 2001.
• The current average age of CMOs is 55. In 2001, the average age was 53.
• Thirty percent of CMOs plan to work until they are 70 years old.
• Fifteen percent of physician executives indicated dissatisfaction with their current position, citing significant changes in their duties from previous years resulting in more responsibilities, suggesting that they like being a physician executive but not necessarily in their present situation.
Read the Navvis & Company release on the physician executive survey.
Read more about hospital executives:
– 4 Tips for Improving Communication Between Hospital Executives and Physicians
