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“Hospital employment of physicians has been linked previously to an upward spike in compensation. Now there’s evidence that hospitals are pushing up pay levels for healthcare executives and administrators, too.Median compensation for nonphysician CEOs at hospital-owned practices was around $305,000 in 2015, compared to about $242,000 for nonphysician CEOs at physician-owned practices, according to a recent survey of more than 67,000 managers and staff by the Englewood, Colo.-based Medical Group Management Association (MGMA).”
“Similarly, MGMA found that nonphysician administrators at hospital-owned practices earned median compensation of $141,400, compared to $100,600 for their counterparts at physician-owned practices.Interestingly, the situation was reversed when the CEO was a physician. Physician CEOs leading physician-owned practices had median pay of about $350,000 compared to $300,000 for their peers at hospital-owned practices.”
Read the full article: Hospitals Pushing Up Pay for Practice Administrators, Physicians: MGMA
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