Report: Hospital employed physicians do better

ST. PAUL, Minn. — A recent Association of Staff Physician Recruiters report found that overall physicians employed by physician-owned practices are most satisfied with their compensation packages compared to hospital employed and university employed physicians. However, the survey found that overall hospital employed physicians fared better than their university-employed and private practice counterparts with respect to benefits and recruitment incentives offered.

Forty-four percent of respondents employed by physician owned practices reported receiving no funding for Continuing Medical Education (CME) compared to 17 percent of hospital employed and 16 percent of university employed physicians. They also were more likely to receive no time off for CME. Similar trends were seen with respect to paid time off, sick time and recruitment incentives. Hospitals offered more signing bonuses, relocation assistance, student loan assistance, and malpractice insurance than other employers, with physician owned practices receiving the least.

The Association of Staff Physician Recruiters recently partnered with MDLinx on a physician compensation, benefits and recruitment incentives survey.

A total of 314 US physicians representing 26 specialties employed by hospitals, universities, and physician owned practices participated in the survey. The 2014 Physician Compensation, Benefits and Recruitment Incentives Report summarizes the results of the survey and looks at differences across physician specialties and employment settings.

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