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Physician executive salaries outpace inflation but don't skyrocket--study
Modern Healthcare
|January 21, 1991
Summary
Physician executive salaries modestly outpaced inflation between 1987 and 1990, without dramatic increases. Benefits and formal contracts also shifted during this period.
Area of Science:
- Healthcare Management
- Medical Economics
Background:
- Physician executive compensation trends are crucial for understanding healthcare workforce dynamics.
- Previous data on compensation during the late 1980s is limited.
Purpose of the Study:
- To analyze changes in full-time physician executive salaries from 1987 to 1990.
- To assess trends in non-salary compensation (perks) and contract prevalence.
Main Methods:
- Comparative analysis of salary data for full-time physician executives.
- Examination of reported perks and contract types over the study period.
Main Results:
- Physician executive salaries increased, exceeding inflation rates.
- Salary growth was moderate, not characterized by rapid escalation.
- There was a noted decline in the prevalence of perks.
- Formal employment contracts became more common.
Conclusions:
- Physician executive compensation showed modest real growth between 1987 and 1990.
- The landscape of physician executive employment shifted towards formal contracts and fewer perks.
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