AMGA Releases Salary Survey; Ernst & Young Leaves Survey Field The American Medical Group Association, the Alexandria, Va., trade group that represents mostly large, multispecialty practices, released its 2000 Medical Group Compensation & Productivity Survey. The survey, conducted by RSM McGladrey Inc. for AMGA, concerns the income of 23,700 physicians in 172 organizations. The summary […]
Category: Physician Compensation Report
IPAs Spur Utilization Control With RVU/Contact Cap Plan Single-specialty independent practice associations (IPAs) in the Phoenix area have improved utilization control — sharply reducing both under- and overutilization — and raised compensation per RVU of production, in part through subtle changes in internal pay incentives, says consultant and network administrator Sue Parks. The Phoenix market […]
Heart surgeon pay plans range from production to equal shares Cardiac and thoracic surgery practices, buffeted by loss of business to interventional cardiologists and by steep cuts in reimbursement rates, have in many cases adopted equal shares pay plans or hybrid plans with significant equal shares and production elements. “No specialty has been harder hit” […]
Most Dermatology Groups Use Production Pay as Demand Soars Dermatology groups continue to set physician pay mainly by production formulas, but there are also equal shares elements in their formulas, in part to bridge the revenue and overhead gaps between general dermatologists and high priced subspecialties akin to the gaps in cardiology. Dermatology can be […]
Figuring Pay for Top Practice Managers: Multiple Factors, Bonuses Considered Figuring out pay for the top one to three managers in a medical practice involves numerous factors even if the pay formula is straight salary. And many of the issues that concern setting the pay of a physician executive in a large multispecialty practice are […]
Jama: ‘controllable lifestyle’ proves key to specialty choices The reputation of each specialty for a “controllable lifestyle”–stemming from control over and amount of total weekly hours spent on professional responsibilities by practitioners in each field, and from their amount of call duty–has become the key factor in U.S. medical students’ choice of residencies to pursue, […]
Pushmipullyu: Ophthalmology Buffeted by Demand, Falling Prices The “pushmipullyu” was a horse-like creature with two heads pointed in opposite directions in the children’s book, Dr. Doolittle. About the same can be said for the economics of ophthalmology in recent years. Pulled by new demand for services such as LASIK vision correction surgery, but pushed back […]
Many Groups Getting Stickier About Partners Dropping Call Many groups in specialties in which call duty is substantial — such as cardiology, obstetrics, anesthesiology, orthopedics, general surgery and critical care — are getting stricter about physicians’ attempts to drop or curtail their rotations, and some are putting limits on buying and selling assigned slots. Sandra […]
Pathology at a glance Central pay range: MGMA 25th and 75th percentiles (anatomic & clinical), 2001–$190,000 to $328,000. AMGA 20th and 80th percentiles, 2001–$179,000 to $267,000. Pay direction: AMGA median income, $221,000 in 2001, rose about 5% in each of the last two years. As is true of radiologists, pathologists’ revenues are rising sharply because […]
Quality, Often Avoided as Pay Factor, Can Improve Marketing and Incomes Although many physicians and groups are leery of using quality measures as more than a small part of their pay package, such measures can strengthen medical practices through their long-term beneficial effects on reputation and marketing, and can make them better places to work. […]