P&T
Our
Other
Journal
MediMedia Managed Markets
Managed Care

 

Opportunities abound for physician executives

MANAGED CARE January 2004. © MediMedia USA
Compensation Monitor

Opportunities abound for physician executives

MANAGED CARE January 2004. ©MediMedia USA













Physician executives who are considering leaving management positions in managed care organizations should look to greener pastures at practice management companies, medical/health care associations, health system corporate offices, and foundations, according to results of a physician survey conducted by Cejka Search and the American College of Physician Executives. Physician executives employed by these types of organizations reported median salaries of as much as $360,000.

That's not to say physician compensation at health plans has languished, however. The same survey shows that median physician executive compensation increased by 7 percent during the past two years to $220,000 in 2002. Further, chief medical officers at HMOs saw a 30 percent jump in median compensation (from $231,000 in 2000 to $300,000 in 2002). Associate/assistant medical directors reported a 20.1 percent increase during that time, from $169,000 to $202,939.

"The fact that there is much more demand and limited supply bodes well for physician executives," says Bill Wendt, vice president for marketing and business development at Cekja Search. "I expect we'll continue seeing fairly significant increases in salary for health care professionals, particularly physician executives."

For comparison, private-practice internists, family practitioners, and general pediatricians reported a median salary of only $149,000 for the same year.

SOURCE: 2003 PHYSICIAN EXECUTIVE COMPENSATION SALARY, CEKJA SEARCH AND THE AMERICAN COLLEGE OF PHYSICIAN EXECUTIVES

Meetings

Pharmaceutical Pricing and Contracting Conference Philadelphia, PA September 22–23, 2014
Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014