In the news: Physician executive compensation up by 12%
Physician executive compensation rose by an average of 12%, according to 2009 Physician Executive Compensation Survey, a study conducted by American College of Physician Executives (ACPE) and Cejka Search. The survey is based on responses from 2,131 ACPE members, and survey questions covered numerous areas, including:
- Compensation by organization type
- Group size
- Time allocated to administrative duties
- Geographic area
- Organization location
- Scope of operations
- Revenue
- Years of experience
- Scope of responsibilities
- Executive bonus percent
- Medical specialty
- Post-graduate business degrees.
“Organizations seeking to establish and develop top-performing executive physician leadership should have clearly defined clinical and business objectives, an honest assessment of their organization’s culture, and a system to ensure physician executive compensation is fair, equitable, and correlate to the results achieved,” explains Lori Schutte, president of Cejka Search in an article published in Physicians News Digest. “Those are the healthcare organizations that will attract and leverage the talents of the best physician executives.”