pediatric compensation and production trends... · pediatric physicians increased to $50,478 per...

COMPENSATION CONTINUES TO GROW, while production for pediatric physicians is stagnant.

Compensation planning efforts should consider the impact on market benchmarks of lower producing pediatric physicians. Compensation per WRVU benchmarks for higher producing pediatric physicians are below the overall market median by 6.9%.

PRODUCTION INCENTIVES REMAIN PREDOMINANT, BUT VALUE BASED COMPENSATION IS BECOMING MORE PREVALENT.

is the average percentage of variable compensation across all types of pediatric physicians.

The employer portion of benefit costs for pediatric physicians increased to $50,478 per physician FTE in 2019, while APP benefit costs increased to $27,873. The cost of benefits varies across specialty categories, with pediatric primary care having the lowest cost, and pediatric surgeons having the highest cost.

91% 78% 28%

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

COMPENSATION AND PRODUCTION TRENDS: ALL PEDIATRIC PHYSICIANS

2017Survey

WRVUs Quality Patient Satisfaction

PERCENTAGE OF ORGANIZATIONS

WRVU Compensation

Clinical Quality Compensation

Patient Satisfaction Compensation

26.0%

4.6%

0.7%

$26,803

$11,771

$10,594

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37.1% of pediatric physicians are paid under variable plans; 25% are paid under a straight salary plan. 75%

APP BENEFIT EXPENSE

2018$49,334

2019$50,478

APP COMPENSATION % CHANGE 2018–2019

4.0%Nurse Practitioner

3.8%Psychologist

2.1%PA-Nonsurgical

PHYSICIANBENEFITS ARE INCREASING

Higher producing physicians’ market rates differ from overall market rates.

PEDIATRIC RECRUITMENT TRENDS

Percentage of Total Compensation Median $

Pediatric Primary Care

Pediatric Medicine

Pediatric Surgery

Pediatric Hospital-Based

All Pediatric Physicians

$50.39

$70.74

$77.08

$66.40

$63.17

-4.4%

-10.3%

-5.0%

-8.2%

-6.9%

$48.15

$63.46

$73.25

$60.96

$58.84

MarketMedian

Higher Producing Physicians

% Difference In Compensation per WRVU Median

Note: Higher Producing Pediatric Physicians have WRVU production between the 50th and 75th percentile.

$27,873 2019 % of Total Compensation = 21.4%

PEDIATRIC COMPENSATION and PRODUCTION TRENDS

2017$47,918

6,000

5,000

4,000

3,000

2,000

1,000

02016

Survey2015

Survey2018

Survey2019

Survey

Compensation WRVUs

41% Medicine

35% Hospital-Based

13% Primary

Care

11% Surgery

Organizations are recruiting an average of 10 physicians, with 41% of

those in medical specialties.