Physician bonus compensation trends evolving
Posted on: 7/11/18
Data from the OHA Physicians and Mid-Level Practitioners Compensation survey indicates some incentive compensation practices are declining in use, and others are becoming more prevalent.
Reviewing incentive compensation trends over the last three years for physicians and mid-level practitioners, data from OHA’s survey reveals organizational performance as a factor in determining bonuses has declined significantly. In 2017, only 13.3 percent of survey participants reported organizational performance as a determining bonus factor, compared with 22 percent in 2016 and 26.2 percent in 2015.
Conversely, the use of work Relative Value Units (wRVUs) in determining bonuses is on the rise from 57.1 percent in 2015 to 61 percent in 2016 and 63.3 percent last year. This information, as well as actual pay rates for employed, contracted and independent physicians is available to members who participate and subscribe to the OHA Physicians and Mid-Level Practitioners Compensation survey.
Participation for the 2018 survey will open in mid-July. OHA intends for the survey to help member hospitals effectively recruit and retain physicians with relevant data from other Oklahoma health care facilities. Compdata Surveys & Consulting conducts OHA’s survey. They provide survey data and consulting services to health care organizations of all sizes across the country. Call or email
Theresa Worman with questions about the survey or their consulting services:
[email protected] or (800) 300-9570.