Physicians who are productive and generate big revenue for the hospital systems that employ them will continue to earn high compensation, sometimes higher than hospital CEOs, experts say.
Doctors who maintain a busy medical or surgical practice while helping steer organizations through changing business and regulatory environments are especially highly prized. “Those who can do this successfully are worth their weight in gold,” said Travis Singleton, senior vice president at physician staffing firm Merritt Hawkins.
The number of physicians employed at a not-for-profit organization who earned $1 million or more in total compensation was 476 in fiscal 2012, or 6.6% of all physicians who are employed by a not-for-profit organization, according to a Modern Healthcare analysis of Internal Revenue Service Form 990s. But only a few of these high earners were CEOs.