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Physician Compensation: Employed vs. Practice Owners

Physician Compensation: Employed vs. Practice Owners

Is there a huge gap between what employed physicians and physician practice owners bring in?

Not at all, according to the annual Physicians Practice Physician Compensation Survey. This year's survey – broken into two parts (part two to be released next Monday) explored the differences in compensation between physician practice owners, employed physicians at a hospital or health system, and employed physicians at an independent practice.

According to the survey, taken by 618 physicians across multiple specialties and employment models, 69.5 percent of physicians who own their practice bring home more than $200,000 in annual compensation. This compares to 75.3 percent of physicians employed by a hospital or health system and 60.7 percent of employed physicians at an independent practice. One negative for practice owners is nearly 8 percent bring home less than $100,000 income per year, whereas only 4.1 percent of hospital employed physicians or 3.6 percent of independent practice employed physicians can say the same.

Employed vs. Independent: Doctors Speak Out

Here are more highlights from this year's compensation survey:

• Not surprisingly, [practice owners were more likely to have non-guaranteed income. At least 19 percent of practice owner physicians say their income came from 100 percent non-guaranteed sources; only 6.8 percent of hospital-employed physicians and 5.2 percent of independent practice-employed physicians said the same.

 • Hospital-employed physicians and practice owners fell in line over compensation tied to productivity — 27.5 percent of practice owners said 100 percent of their compensation was tied to productivity vs. 27.4 percent of hospital employed physicians. Only 15.6 percent of independent practice employed physicians said this was the case for them.

• Most physicians — independent or employed — are only receiving a fraction of income due to patient satisfaction measures or value-based care.

 

More coming next Monday (11/20th).

Source: 
Physicians Practice

Comments

Only 600
I'm Miami owners are having higher payment

Ariadna @

Only 600
I'm Miami owners are having higher payment

Ariadna @

The fact that only 619 physicians were surveyed makes me to want to take these conclusions with a grain of salt.

Pamela @

The fact that only 619 physicians were surveyed makes me to want to take these conclusions with a grain of salt.

Pamela @

This is a surprising result as surveys from other places consistently show that private practice brings more money than employed-based practice. Could you share the data (e.g.: number of physicians in the sample, where it was done, specialties, etc).

Daniel @

prediction .
in next 5 years this model of hearing physicians and skewed there income will go, All corp is trying to stele money from the doc for there bonuses. At lease 25% doc income is attempted to be stolen, or that is the target.
AMA. ACP are dump and doctors r dumbest. That is the BOTTOMLINE.

sajid @

prediction .
in next 5 years this model of hearing physicians and skewed there income will go, All corp is trying to stele money from the doc for there bonuses. At lease 25% doc income is attempted to be stolen, or that is the target.
AMA. ACP are dump and doctors r dumbest. That is the BOTTOMLINE.

sajid @

First off you need to learn to write more coherently and correctly. Physicians are too proud to change their ways, but the ones that can adapt and maneuver their way can make a lot of money. For example doing annual physicals along with regular visits and participating in programs like PCMH and CPC Plus. Others can sit and feel sorry for themselves and work themselves to death like a hamster spinning wheel and getting nowhere.
SB Arkansas.

Sudesh @

I don't think this is true at all

Sharon @

I don't think this is true at all

Sharon @

I would have liked to have seen the breakdown by Primary care specialties, i.e., IM, PF, Peds, rather than this lumping together. I also don't think these numbers are very accurate answers to the questions, unfortunately.

myron @

Where is the breakdown of the last couple of slides by employment relationship?

Rachel @

I didn't see anything in this about the reprehensible insurance compensation. I own a small private practice, and it's all I can do to keep the doors open, much less have a decent salary.

Alice @

"Most physicians — independent or employed — are only receiving a fraction of income due to patient satisfaction measures or value-based care." Doesn't sound like a good trend

Allen @

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