4 Reasons Physician Practices Won't Be Giving Out Raises This Year

Nearly 60 percent of physician practices do not plan to give raises to their staff this calendar year, according to the "2013 Staff Salary Survey," released by Physicians Practice.

Researchers surveyed 980 healthcare practices for the report.

The reasons cited for deciding not to give raises to their staff, according to the survey, were as follows:

•    Decreasing reimbursements by payors and patients — 66.4 percent cited this as a reason
•    National economic climate — 45.2 percent cited this as a reason
•    Other practice necessities — 23.3 percent cited this as a reason
•    Investments in IT — 15.1 percent cited this as a reason

More Articles on Healthcare Compensation:

How Can Hospitals Better Recruit Primary Care Physicians? 5 Compensation Strategies
9 Statistics on Executive Compensation at Cleveland Clinic
7 Trends in Hospital-Employed Physician Compensation

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