Which Regions of the Country Pay Physicians More?

Image: FreeDigitalPhotos.net      According to the Medical Group Management Association (MGMA), it seems physician compensation can vary significantly based not only on their department rank in an academic setting, but also on their geographic setting. For instance, in an academic setting, primary care associate professors earned a median compensation of $173,963, professors brought in a median compensation of $198,000, while...

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The Cost of Adding Additional Medical Staff

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How Will Bundled Payments for Care Improvement Affect Physician Compensation?

     On August 22, 2011, The Center for Medicare and Medicaid Services (CMS) innovation arm launched the “Bundled Payments for Care Improvement” program. This program outlines four different bundled payment models which provide an opportunity for providers to implement bundled payment systems which would also help control CMS’ costs.      Trends like these will most certainly affect physician compensation models in the future. The CMS has launched a pilot program around paying hospitals, physicians and...

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Don’t Rule Out the Rural Emergency Rooms

Image: FreeDigitalPhotos.net      Are you money motivated? If you are, a rural emergency room may be a perfect option for making excellent money outside of a busy, stressful, high volume, trauma center. Too many times I hear physicians say it’s all about the money, and that “if you can’t pay me $250 per hour or more, I am not interested.” Keep an open mind. Don’t get me wrong, these rates can be achieved, but be ready to step...

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Is There a Pay Gap Between Female and Male Physicians?

     Unfortunately the answer is yes.      A study released in 2004, authored by Timothy J. Hoff, PhD, associate professor at StateUniversity of New York at Albany, showed that female hospitalists earned approximately $22,000 less per year than their male counterparts, despite similar work patterns. The study controlled for a wide range of professional and personal variables including clinical workload, compensation type, employer type, marital status, and tenure in hospital medicine.     ...

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