According to a recent report from the Medical Group Management Association and the Society of Hospital Medicine, hospitalists saw increases in their median compensation in 2010.
The report, which is based on survey information from 4,633 hospitalists, found that hospitalists in adult medicine saw their compensation increase 2.6%, while pediatric hospitalists’ pay rose 7.2%. The report also indicates that the amount of compensation varied by compensation structure. Adult hospitalists with 50 percent base salary or less reported median compensation of $288,154, while adult hospitalists with 51-70 percent base salary reported median compensation of $249,250. Adult hospitalists who reported 71-90 percent base salary earned $213,542 in median compensation, and those with 91 to 99 percent base salary reported $221,270 in median compensation. Adult hospitalists with 100 percent base salary earned $205,003.
In addition to earning more in 2010, hospitalists also reported higher productivity. The annual median adult hospitalist physician work relative value unit (wRVU) rate was 4,166, a 1.4% increase over last year.
For more information on physician compensation and other physician employment matters, please contact Robert S. Iwrey at (248) 996-8510 or at (212) 734-0128 or visit the HLP website.