[April 29, 2016] |
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National Survey Finds Physician Payments Rising
MD Ranger is the first national compensation survey to release 2015-2016
physician payment rates. More than 250 benchmarks are reported for call
coverage, medical direction, medical staff leadership, diagnostic
testing, clinical professional services, and hospital-based physician
services. Benchmarks are derived from a database of more than 24,000
contracts from hospitals, medical groups, dialysis centers, specialty,
and long term care providers. Organizations use these benchmarks to
negotiate agreements, set budgets, and document compliance with Stark
and AKS.
Key takeaways from MD Ranger's 2015-2016 benchmarks include:
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Per diem payment rates for call coverage services grew at an average
of 5% over last year.
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Though hourly rates for administrative services remained flat, the
annual cost of administrative contracts grew 7%, driven by increases
in hours worked.
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Total hospital payments for direction and other administrative service
payments grew almost 25% from 2014-15 to 2015-16, while total call
coverage payments remained flat.
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Several physician services experienced notable changes:
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Obstetrcal Hospitalists/Laborists: MD Ranger observed growth in
both the number and cost of programs. There was a 25% increase in
annual payments (excluding medical direction), bringing the median
payment to $800,000.
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Cardiology: Both the scope and cost of cardiology-related coverage
and direction contracts increased. Services include STEMI, cath
lab, rehab, non-interventional, cardiac anesthesia, and heart
centers.
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Neurology: Neurology-related coverage and direction contracts
increased, even at small and rural hospitals, fueled by the growth
in neuro-interventional, stroke-related services, and telemedicine
contracts.
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Infection Control: Infectious disease-related services are
evolving with a variety of antibiotic stewardship, directorships,
and coverage agreements.
Many of these changes are related to the growing number of quality,
outcomes and pay-for-performance-related initiatives driven by
regulatory and accreditation organizations.
For further analysis of MD Ranger's 2016 physician compensation
findings, register for the complimentary webinar on June 9th,
2016. Register
here.
MD Ranger is the leading provider of data-driven physician contract
payment solutions that help health care organizations determine payment
rates, negotiate competitive contracts, and comply with federal
regulations. The company's proprietary database reduces the complexity
and costs of establishing fair market value for on-call arrangements,
medical directorships, administrative services, diagnostic testing
services, and hospital-based medical groups.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160429005294/en/
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