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New Data on Physician Compensation Methods

The American Medical Association has released a new report on how non-solo physicians are paid by their practices. The data is based on the AMA’s Physician Practice Benchmark Survey conducted in late 2012. Compensation methods varied depending on whether a physician was a practice owner or employee, the type of practice, and the medical specialty.

Here are some highlights from the report:

  • 60% of non-solo physicians received at least some of their compensation from salary, with salary representing the largest share of their compensation for 53%.
  • Personal productivity represented the largest share of compensation for nearly a third of the physicians.
  • Practice financial performance, bonus, and a catchall ‘other’ were the other types of payment methods identified.
  • 30% of physicians relied on 2 compensation methods, and 18% depended on at least 3 methods.

For physicians employed directly by hospitals, these were the findings:

  • 38% were paid by salary alone.
  • Another 49% were paid largely but not only by salary.
  • 10% were paid solely by personal productivity, while personal productivity represented the largest but not the entire share of compensation for 3%.
  • Practice financial performance was the primary method of payment for 3%
  • Other payment methods covered nearly 6% of the hospital-employed physicians

Source: Kane CK. New data on physician compensation methods: one size does not fit all. American Medical Association, Policy Research Perspectives, 2014. https://download.ama-assn.org/resources/doc/health-policy/x-pub/prp-phys-comp-methods-2014.pdf?cb=1399406872&retrieve=yes [Free registration required to view]

Posted by AHA Resource Center (312) 422-2050, rc@aha.org

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