2014 Physician Compensation and Employment Report
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In 2014, locumtenens.com conducted a compensation and employment survey of physicians practicing locum tenens and those with permanent salaries, yielding responses from 2,963 participants across various specialties. Key findings include average salaries for specialties such as anesthesiology and orthopedic surgery, which were reported at $338,174 and $406,915 respectively, alongside insights on physician perspectives regarding quality outcomes and patient satisfaction metrics. The survey indicates a shift in compensation structures toward quality-based incentives, highlighting differing opinions on the impact of such metrics on patient outcomes.
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2014 Physician Compensation and Employment Report
- 2. LocumTenens.com conducted its Annual Compensation and Employment Survey in 2014. Survey respondents represent physicians who practice on a locum tenens basis as well as those with permanent salaries. Introduction
- 3. What’s in this report? 2014 Salary Statistics: • Anesthesiology • Emergency Medicine • General Surgery • Hospitalist • Neurology • OB/GYN • Orthopedic Surgery • Primary Care o Family Practice o Internal Medicine o Pediatrics • Psychiatry • Radiology Your Voice Matters – Physician Perspectives • Quality outcome metrics • Patient satisfaction • Physician ratings
- 4. Curious how much other physicians made in 2014?
- 5. 2014 Average Annual Anesthesiologist Salary: $338,174
- 6. Anesthesiology Our anesthesiology respondents are: 86% 16% 36% 25% Hospital-based Group Practice
- 7. Do the anesthesiology respondents work locum tenens?
- 8. 2014 Average Annual Emergency Medicine Physician Salary: $338,174 Shifts per month: 4
- 9. Emergency Medicine Our emergency medicine respondents are: 75% 25% 32% 59% Hospital-based Group Practice
- 10. Do the emergency medicine respondents work locum tenens?
- 11. 2014 Average Annual Neurologist Salary: $240,594
- 12. Neurology Our neurology respondents are: 74% 26% 22% Hospital-based 22% Group Practice 13% Clinic/Community Health Center
- 13. Do the neurology respondents work locum tenens?
- 14. 2014 Average Annual General Surgeon Salary: $358,945
- 15. General Surgery Our general surgery respondents are: 84% 16% 52% 27% Hospital-based Group Practice
- 16. Do the general surgery respondents work locum tenens?
- 17. 2014 Average Annual Orthopedic Surgeon Salary: $406,915
- 18. Orthopedic Surgery Our orthopedic surgery respondents are: 95% 5% 36% 36% Hospital-based Group Practice
- 19. Do the orthopedic surgery respondents work locum tenens?
- 20. 2014 Average Annual OB/GYN Physician Salary: $406,915
- 21. OB/GYN Our OB/GYN respondents are: 48% 52% 52% 27% Hospital-based Group Practice
- 22. Do the OB/GYN respondents work locum tenens?
- 23. 2014 Average Annual Diagnostic Radiologist Salary: $375,811 2014 Average Annual Interventional Radiologist Salary: $391,815
- 24. Radiology Our radiology respondents are: 75% 25% 35% 41% Hospital-based Group Practice
- 25. Do the radiology respondents work locum tenens?
- 26. 2014 Average Annual Psychiatrist Salary: $214,804
- 27. Psychiatry Our psychiatry respondents are: 61% 39% 19% Hospital-based 20% Group Practice 27% Clinic/Community Health Center
- 28. Do the psychiatry respondents work locum tenens?
- 29. 2014 Average Annual Primary Care Physician Salary: Pediatrics: $167,425 Internal Medicine: $212,258 Family Practice: $194,158
- 30. Primary Care Our primary care respondents are: 70% 30% 27% 32% Hospital-based Group Practice
- 31. In which fields do they specialize?
- 32. Do the primary care respondents work locum tenens?
- 33. 2014 Average Annual Hospitalist Salary: $233,510
- 34. Hospitalist Our hospitalist respondents are: 82% 18% 77% 9% Hospital-based Group Practice
- 35. Do the hospitalist respondents work locum tenens?
- 36. What did physicians say about quality outcomes, patient satisfaction & new measurements?
- 37. Your Voice Matters We asked physicians to give us their perspectives on quality outcome metrics, patient satisfaction and ratings and how those things are impacting their competition.
- 38. Physicians indicated if their compensation had been restructured to be weighted by quality patient outcomes
- 39. Most physicians had their compensation restructured around bonus incentives.
- 40. Physicians indicated if their compensation had been restructured to be weighted by patient satisfaction scores
- 41. 0% 10% 20% 30% 40% 50% Think quality-based reimbursement will improve patient outcomes Think quality-based reimbursement will not improve patient outcomes Are unsure Physician opinions on reimbursement based on quality outcomes instead of patient volume
- 42. Physicians have varying opinions about the transition of quality:
- 43. “Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”
- 44. “Patient satisfaction has little to do with patient outcomes.” “Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”
- 45. “One would hope that with improved attention/increased contact time there will be a decrease in all morbidity and mortality.” “Patient satisfaction has little to do with patient outcomes.” “Focus on quality in general improves outcomes, even if those outcomes are hard to measure.”
- 46. To learn more about our compensation survey results or to speak to a physician recruiter, visit:
- 47. Methodology: Invitations for the survey were emailed to a database totaling 88,680, which included physicians and CRNAs who have been placed by LocumTenens.com and those who have not. Respondents to all surveys were self-selected and spanned all 50 states and medical/surgical specialties. The survey yielded 2,963 respondents. The error range for this survey was +/- 3 percent at a 95 percent confidence level. About LocumTenens.com: LocumTenens.com is a full-service staffing firm serving physicians, CRNAs, NPs and PAs searching for locum tenens and permanent job opportunities, as well as healthcare facilities looking to solve employment shortages. Experienced recruiters focus on the following high-demand specialty areas: anesthesia, emergency medicine, obstetrics and gynecology, neurology, psychiatry, primary care (internal medicine, family practice, pediatrics and hospitalist), psychology, radiology, medical oncology, radiation oncology, urology, surgery and most surgical sub- specialties. The operator of the largest internet job board for the locum tenens industry, LocumTenens.com provides job-seeking providers direct access to thousands of jobs, in all specialties, posted directly by facilities and agencies nationwide. Whether you want to work with an agency recruiter, or conduct your own online search, LocumTenens.com is obsessively dedicated to assisting with your search.