Issue link: https://beckershealthcare.uberflip.com/i/1499344
10 ASC MANAGEMENT Physician vs. healthcare CEO pay: 5 notes By Patsy Newitt Here are five stats to know about how physician pay stacks up compared to CEO pay: 1. e 10 highest-earning average annual physician specialties by compensation, according to Medscape's "Physician Compensation Report 2022": • Plastic surgery: $576,000 • Orthopedics and orthopedic surgery: $557,000 • Cardiology: $490,000 • Otolaryngology: $469,000 • Urology: $461,000 • Gastroenterology: $453,000 • Dermatology: $438,000 • Radiology: $437,000 • Ophthalmology: $417,000 • Oncology: $411,000 2. Primary care physicians earned an average of $260,000 in 2022, with specialists earning an average of $368,000, according to the Medscape report. 3. Physician pay decreased for four specialties from 2021 to 2022 — interventional cardiology, hematology, radiology and pediatrics — and increased for eight specialties — OB-GYN, anesthesiology, non- invasive cardiology, neurology, gastroenterology, orthopedic surgery, urology and internal medicine. 4. CEOs at S&P 500 companies made 324 times more than median company workers in 2021, according to AFL-CIO data cited by Forbes and reported July 18. 5. Here is the average hospital CEO pay per hour by hospital type and the ratio of the average CEO wage to other workers' wages, according to a study published in Health Affairs in 2022: Major teaching hospital Average hospital CEO compensation per hour: $529 Ratio of CEO wage to other workers' wages: 14:1 Minor teaching hospital Average hospital CEO compensation per hour: $292 Ratio of CEO wage to other workers' wages: 9:1 Non-teaching hospital Average hospital CEO compensation per hour: $197 Ratio of CEO wage to other workers' wages: 7:1 Urban hospital Average hospital CEO compensation per hour: $319 Ratio of CEO wage to other workers' wages: 9:1 Rural hospital Average hospital CEO compensation per hour: $160 Ratio of CEO wage to other workers' wages: 6:1 n The new ASC hot spots By Patsy Newitt F lorida, California and Texas have long been hot spots for ASC openings, but other states experiencing high population and economic growth also could be ripe for new ASCs. Here are three potential ASC hotspots: South Carolina The population of several cities in South Carolina, including Myrtle Beach, Spartanburg and Charleston, is skyrocketing — making the state ripe for new surgery centers. Population growth is key for eyeing new hot spots, Chris Skagen, executive director of the Oregon Ambulatory Surgery Center Association, told Becker's. "Looking at general trends, surgery center density has a direct correlation to population density," he said. Additionally, the South Carolina Department of Health and Environmental Control proposed to increase the threshold for capital expenditures that require a certificate of need to more than $5 million and the threshold for equipment acquisitions that require a CON to more than $2 million. These thresholds will be indexed to account for inflation. These amendments now await the South Carolina General Assembly to take action, but would make it drastically easier to open ASCs in the state, according to a Jan. 11 article in JDSupra from the law firm Nexsen Pruet. Wyoming Wyoming is also ripe for new surgery centers — it received the highest score in Becker's ASC Review's ranking of top states for ASCs, which compiled data from the 2020 census, Bureau of Labor Statistics, state regulations on new ASCs and new business applications per capita. Wyoming is the state with the most new business applications per 1,000 residents. And while it is the least populated state in the nation, it still has 20 ASCs — more than several other states. Washington Washington added more than 93 ASCs between 2021 and 2022 — the most of any state — according to data from the ASC Association. The state, which is the top state for nurses to practice, is also the best state to find a job. Washington was also named the second best state for business by CNBC in August. The ranking took into account workforce, infrastructure, cost of doing business, economy, life and health, technology and innovation, business friendliness, education, access to capital, and cost of living. n