Compensation paid to top physician executives at hospitals and other organizations has grown steadily in the past seven years to reach $145,536 in 1993, says a report released last week by the Tampa, Fla.-based Physician Executive Management Center.
The report is based on a fall 1993 survey of about 800 physician executives working in hospitals, group practices and managed-care plans. The center, a physician executive search firm, has conducted similar surveys periodically since 1986.
According to the report, the average total compensation paid to full- and part-time senior medical managers last year climbed nearly 7% to $145,536 from $136,099 in 1991.
Senior medical managers include such job titles as vice presidents of medical affairs and medical directors. Their primary function is to serve as the liaison between administrators of an organization and its medical staff.
Of the three settings, managed-care organizations were the most generous. They paid full-time senior medical managers an average total compensation package worth $167,209. That compares with $160,082 and $155,220 for the same posts in group practices and hospitals, respectively.
The report also contained information about physicians who have top hospital management posts, such as president, chief executive officer and chief operating officer. The report said the average total compensation received by physicians in those positions was $196,803 last year.