2014 physician compensation and employment report

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LocumTenens.com conducted its Annual Compensation and

Employment Survey in 2014. Survey respondents represent

physicians who practice on a locum tenens basis as well as

those with permanent salaries.

Introduction

What’s in this report?

2014 Salary Statistics:

•  Anesthesiology •  Emergency Medicine •  General Surgery •  Hospitalist •  Neurology •  OB/GYN •  Orthopedic Surgery •  Primary Care

o  Family Practice o  Internal Medicine o  Pediatrics

•  Psychiatry •  Radiology

Your Voice Matters –�Physician Perspectives

•  Quality outcome metrics •  Patient satisfaction •  Physician ratings

Curious how much other physicians made in 2014?

2014 Average Annual Anesthesiologist Salary:

$338,174

Anesthesiology

Our anesthesiology respondents are:

86% 16%

36% 25% Hospital-based Group Practice

Do the anesthesiology respondents work locum tenens?

2014 Average Annual Emergency Medicine Physician Salary:

$338,174

Shifts per month: 4

Emergency Medicine

Our emergency medicine respondents are:

75% 25%

32% 59% Hospital-based Group Practice

Do the emergency medicine respondents work locum tenens?

2014 Average Annual Neurologist Salary:

$240,594

Neurology

Our neurology respondents are:

74% 26%

22% Hospital-based

22% Group Practice

13% Clinic/Community

Health Center

Do the neurology respondents work locum tenens?

2014 Average Annual General Surgeon Salary:

$358,945

General Surgery

Our general surgery respondents are:

84% 16%

52% 27% Hospital-based Group Practice

Do the general surgery respondents work locum tenens?

2014 Average Annual Orthopedic Surgeon Salary:

$406,915

Orthopedic Surgery

Our orthopedic surgery respondents are:

95% 5%

36% 36% Hospital-based Group Practice

Do the orthopedic surgery respondents work locum tenens?

2014 Average Annual OB/GYN Physician Salary:

$406,915

OB/GYN

Our OB/GYN respondents are:

48% 52%

52% 27% Hospital-based Group Practice

Do the OB/GYN respondents work locum tenens?

2014 Average Annual Diagnostic Radiologist Salary:

$375,811

2014 Average Annual Interventional Radiologist Salary:

$391,815

Radiology

Our radiology respondents are:

75% 25%

35% 41% Hospital-based Group Practice

Do the radiology respondents work locum tenens?

2014 Average Annual Psychiatrist Salary:

$214,804

Psychiatry

Our psychiatry respondents are:

61% 39%

19% Hospital-based

20% Group Practice

27% Clinic/Community

Health Center

Do the psychiatry respondents work locum tenens?

2014 Average Annual Primary Care Physician Salary:

Pediatrics: $167,425 Internal Medicine: $212,258

Family Practice: $194,158

Primary Care

Our primary care respondents are:

70% 30%

27% 32% Hospital-based Group Practice

In which fields do they specialize?

Do the primary care respondents work locum tenens?

2014 Average Annual Hospitalist Salary:

$233,510

Hospitalist

Our hospitalist respondents are:

82% 18%

77% 9% Hospital-based Group Practice

Do the hospitalist respondents work locum tenens?

What did physicians say about quality outcomes, patient

satisfaction & new measurements?

Your Voice Matters

We asked physicians to give us their perspectives on quality outcome metrics,

patient satisfaction and ratings and how those things are impacting their competition.

Physicians indicated if their compensation had been restructured to be weighted

by quality patient outcomes

Most physicians had their compensation restructured around

bonus incentives.

Physicians indicated if their compensation had been restructured to be weighted

by patient satisfaction scores

0%

10%

20%

30%

40%

50%

Think quality-based reimbursement will improve patient outcomes

Think quality-based reimbursement will not improve patient outcomes

Are unsure

Physician opinions on reimbursement based on quality outcomes instead of patient volume

Physicians have varying opinions about the transition of quality:

“Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”

“Patient satisfaction has little to do with patient outcomes.”

“Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”

“One would hope that with improved attention/increased

contact time there will be a decrease in all

morbidity and mortality.”

“Patient satisfaction has little to do with patient outcomes.”

“Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”

To learn more about our compensation survey

results or to speak to a physician recruiter, visit:

Methodology: Invitations for the survey were emailed to a database totaling 88,680, which included physicians and CRNAs who have been placed by LocumTenens.com and those who have not. Respondents to all surveys were self-selected and spanned all 50 states and medical/surgical specialties. The survey yielded 2,963 respondents. The error range for this survey was +/- 3 percent at a 95 percent confidence level.

About LocumTenens.com: LocumTenens.com is a full-service staffing firm serving physicians, CRNAs, NPs and PAs searching for locum tenens and permanent job opportunities, as well as healthcare facilities looking to solve employment shortages. Experienced recruiters focus on the following high-demand specialty areas: anesthesia, emergency medicine, obstetrics and gynecology, neurology, psychiatry, primary care (internal medicine, family practice, pediatrics and hospitalist), psychology, radiology, medical oncology, radiation oncology, urology, surgery and most surgical sub-specialties. The operator of the largest internet job board for the locum tenens industry, LocumTenens.com provides job-seeking providers direct access to thousands of jobs, in all specialties, posted directly by facilities and agencies nationwide. Whether you want to work with an agency recruiter, or conduct your own online search, LocumTenens.com is obsessively dedicated to assisting with your search.