The new pay plan sets physician annual base salaries at $225,000. The physicians would be paid more for meeting pre-determined productivity levels. Potential salaries range from $235,139 to $301,043.
UHD administrator Jeff Lang said the rural hospital must offer competitive salaries to attract quality physicians, according to the report.
Physicians would also be able to earn an extra $25,000 for attaining “five initiatives” to be outlined by the board. The compensation plan is effective Jan. 1, 2010 through Dec. 31, 2011.
Read the Fairbault County Register report on United Hospital District’s compensation plan.
Read more on compensation:
-Study: Hospitalists With Lower Base Salaries Are More Productive
-8 Statistics About Cardiologist Compensation by Group Type (note: this link is no longer available)
