Hospital-based doctors likely to get modest pay hikes in 2014
NEWS IN BRIEF — Posted Sept. 2, 2013
Employed physicians can expect to see median salary increases by about 2.2% in 2014 while group-based practices will see income jump by 3.7%, according to Hay Group’s 2013 Physician Compensation Survey released in August.
Employed primary care physicians are expected to have higher salary increases than employed specialists, which has been a trend for the past few years, according to the report.
“This may be reflective of fewer graduates pursuing general medicine and additional responsibilities for generalists in driving pay-for-performance health care,” said Jim Otto, senior principal in Hay Group’s Healthcare Practice. “The question remains if and how declining hospital revenues and reimbursement changes will affect physician pay.”
About 130 physician specialties were surveyed.