Becker's Spine Review

Becker's March/April 2020 Spine Review

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42 OUTPATIENT SURGERY 33 statistics to know about employed vs. independent physicians — Salary, practice setting shift & more By Rachel Popa P hysician networking site Doximity re- leased its 2019 physician compensation report comparing average salary differ- ences among specialties, as well as how salaries have changed at different practice settings. Doximity compiled the report from surveys completed by 90,000 licensed, full-time U.S. physicians who work at least 40 hours a week. Additionally, Merritt Hawkins' 2019 inpa- tient/outpatient revenue survey highlighted how the percentage of employed and inde- pendent physicians has changed over time: How salary differs among practice settings: Single specialty group 1. 2018 average compensation: $377,414 2. 2017 average compensation: $373,240 3. Change: 1 percent increase Solo practice 4. 2018 average compensation: $366,967 5. 2017 average compensation: $354,624 6. Change: 3 percent increase Multispecialty group 7. 2018 average compensation: $360,767 8. 2017 average compensation: $355,972 9. Change: 1 percent increase Health system/accountable care orga- nization/integrated delivery network 10. 2018 average compensation: $342,027 11. 2017 average compensation: $341,444 12. Change: .017 percent increase Hospital 13. 2018 average compensation: $330,433 14. 2017 average compensation: $355,094 15. Change: 7 percent decrease Health maintenance organization 16. 2018 average compensation: $327,784 17. 2017 average compensation: $330,523 18. Change: 1 percent decrease Academic 19. 2018 average compensation: $307,180 20. 2017 average compensation: $338,449 21. Change: 9 percent decrease Physician employment 2018: 22. Independent: 31.4 percent 23. Employed by a hospital or physician owned group: 49. 1 percent 24. Other: 19.5 percent 2016 25. Independent: 32.7 percent 26. Employed by a hospital or physician owned group: 57.9 percent 27. Other: 9.4 percent 2014: 28. Independent: 34.6 percent 29. Employed by a hospital or physician owned group: 52.8 percent 30. Other: 12.5 percent 2012: 31. Independent: 48.5 percent 32. Employed by a hospital or physician owned group: 43.7 percent 33. Other: 7.8 percent n Envision CEO Christopher Holden leaves company By Eric Oliver Envision Healthcare CEO Christopher Holden departed the company Feb. 5, for unspecified reasons. What you should know: 1. Nashville, Tenn.-based Envision established a three-person board, the Office of the CEO, to replace Mr. Holden on an interim basis. 2. The Office of the CEO consists of executive vice president and COO Karey Witty, executive vice president and CFO Teresa Sparks and chief ad- ministrative officer Dave Esler. 3. Envision's board of directors will conduct a national search for a successor. Mr. Holden commented on his 13-year tenure, saying, "I appreciate the trust and support of my Envision family over the past 13 years, and I am confident that our outstanding leadership team will continue the great progress we have made together." n Kansas hospital buys ASC, orthopedic practice By Rachel Popa M ercy Hospital has purchased State- line Surgery Center, Orthopaedic Specialists of the Four States and Premiere Surgical Institute, according to local TV news station KOAM News Now. Tracy Godfrey, Mercy Joplin clinic director, told KOAM that the purchase had been in the works for a few years. Under the own- ership of Mercy, patients will still be able to use their existing insurance plans and con- tinue seeing the same physicians as before. Mercy said it could expand services at the facilities down the line. n

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