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 2017 Survey 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 FOR INFORMATION REGARDING PARTICIPATING IN ECG’S SURVEYS, PLEASE CONTACT ANGELA COLLINS 469-729-2600 Copyright © 2019 ECG Management Consultants. All rights reserved. 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 PHYSICIAN BENEFITS 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 Market Median 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 0 2016 Survey 2015 Survey 2018 Survey 2019 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.

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Page 1: PEDIATRIC COMPENSATION and PRODUCTION TRENDS... · pediatric physicians increased to $50,478 per physician FTE in 2019, while APP benefit costs increased to $27,873. The cost of benefits

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

COMPENSATION AND PRODUCTION TRENDS: ALL PEDIATRIC PHYSICIANS

2017Survey

WRVUs Quality Patient Satisfaction

PERCENTAGE OF ORGANIZATIONS

WRVU Compensation