Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Docs Hope for Incentive Bonuses to Offset Smaller Pay Increases

Joe Cantlupe, for HealthLeaders Media, September 26, 2013

Although annual incentive plans for physicians were being used in 63% of physician group and hospital settings in 2013, compared to 64% in 2012, Otto predicts that the future holds a growing emphasis on incentive payouts in income negotiations.

"We expect an evolution, not a revolution, in incentive plan design for physicians in coming years," Otto added in a statement. "Providers are looking to translate their organizational goals in a more tangible way that will drive the desired behaviors and outcomes they want to achieve."

Generally, physicians across all organizations expect median salary increases of 2.4% in 2014, compared to actual increases of 2.5% in 2012 and 2.7% in 2011, according to the survey. The Hay Group is still calculating the 2013 increase, but that was projected at 2.6%.

Physicians in group-based practices in 2014 expect pay increases of 3.7%, compared to doctors in hospital-based settings, whose average increases are projected at 2.2%. Within the past year, the median percentage increases in physician salaries ranged from a low of 2% to a high of 5%, with much of that dependent on productivity and performance, according to the survey.

Primary care physicians can expect slightly higher salary increases than specialists in 2014, particularly in hospital-based settings. While primary care physicians and specialists in hospital settings each received 2.3% pay increases in 2012–2013, primary care physicians at hospitals are budgeted for 2.6% increases in 2014, while specialists at hospitals are scheduled for 2.3% budgeted increases, according to the Hay report.

1 | 2 | 3 | 4 | 5

Comments are moderated. Please be patient.