Compensation for physician-executives increased in the past two years but at a much slower pace than five or six years ago, a survey shows.
The more than 2,300 physician-executives responding to the 2013 Physician Executive Compensation Survey by Cejka Executive Search reported a median total compensation of $325,000, up 7% from $305,000 reported in the 2011 survey.
The results were better in the C-Suite, where chief quality/patient safety officers reported compensation increases averaging 22% and other C-Suite executives reported increases averaging 25%.
"Physician executive compensation really reflects the slowness of the economic recovery and we believe the uncertainty of healthcare and healthcare reform. It kind of goes hand in hand," says Paul Esselman, executive vice president, managing principal at St. Louis-based Cejka.
"We saw an average for all physician executive compensation of about 7% between 2010 and 2012 across all titles. That is consistent with our survey that we did the previous two years, 2008–2010, but it is far behind what we historically saw back in the mid–2000s of 12% plus growth."