As highly trained professionals, physicians employed by hospitals and large group practices tend to receive generous benefits packages in addition to their regular salaries, according to the annual physician salary survey report from Oakland, N.J.-based John R. Zabka Associates' Hospital & Healthcare Compensation Service.
Of the more than 16,200 physicians employed by the 260 healthcare facilities--including one HMO--that responded to the nationwide survey, 75% are eligible for annual bonuses. And two-thirds of physician bonus payments are based on individual performance rather than the organization's performance or a supervisor's discretion.
Medical coverage for employees is nearly universal among the 154 respondents to the benefits section of the survey, while more than 97% provide dental coverage. However, less than 20% offer assistance for child care. Large employers of physicians tend to be generous with paid vacation and with reimbursements for continuing medical education.
See publication for the following charts/tables: Average number of annual paid days off for healthcare employees, 2002; Physician employers offering CME benefits, 2002; Physician employers offering tuition assistance, 2002; Physician employers offering child care assistance, 2002; Medical facilities carrying insurance for employees, 2002; Physician employers offering 401(k) or 403(b) plans, 2002