Women hold a 30 percent greater share of physician executive jobs than they did 10 years ago, according to the “2007 Physician Executive Compensation Survey” conducted by the American College of Physician Executives and Cejka Search. Forty percent of those women held the title of medical director.
Thirty percent is a large increase, but the base is small. Only 10 percent of respondents in 997 were women, and only 13 percent in 2007.
“The position of medical director appears to be the gateway for female physicians who are pursuing an executive career path, and the pipeline is consistently filling,” says Carol Westfall, president of Cejka Search. In 2007, nearly 1 in 5 medical directors were women, compared with 16 percent in 2005 and 12 percent in 1997. In 2007, 17 percent of associate medical directors were women.
The survey also reports that overall physician executive compensation increased 7.5 percent (to $258,000 from $240,000) between 2005 and 2007. In organizations with greater than 100 respondents, physician executives working in a health system corporate office reported the highest median compensation for all physician executives ($325,000). Physician executives working for government organizations reported the lowest compensation in 2007 ($180,000).
The survey was sent to 7,796 ACPE members. Twenty-seven percent responded.
Source: Cejka Search and ACPE Physician Executive Compensation Survey — 2007 and 2005