Issue link: https://beckershealthcare.uberflip.com/i/640044
7 Physician compensation Medscape's Physician Compensation Report 2015 shows: 1. Employed physician average compensation was $258,000 last year. 2. Compensation for self-employed physicians was $329,000. 3. By specialty, orthopedic surgeons earned the most for non-patient care activi- ties, at $29,000. Both GI physicians and ophthalmologists earned $14,000. 4. For patient care, orthopedic surgeons also earned the most, at $421,000. GI physicians earned the third highest amount, at $370,000, and ophthalmolo- gists earned $292,000. 5. Physicians in the Northwest region of the country reported compensation at $281,000. Orthopedic surgeons are the most highly compensated in this region, at $460,000, as well as GI physicians at $505,000. 6. Physicians in the Great Lakes region reported $268,000 in compensation. 7. In the Southeastern region, physicians reported $269,000 on average. 8. In the Northeast region, physicians made on average $253,000. Ophthal- mologists are the most highly compensated in this region, at $328,000. 9. e Southwest region of the country has average physician compensation at $263,000. 10. e Western region of the country has average physician compensation at $262,000. 11. In the North Central region, physicians made on average $270,000. 12. In the South Central region, physicians made on average $271,000. 13. Physicians in the Mid-Atlantic region reported an average compensation of $254,000. Physician trends According to a 2015 Jackson Healthcare report on Physician Trends: 14. 81 percent of physicians are at capacity or overextended. 15. Jackson Healthcare asked physicians to grade the ACA, and 46 percent gave a D or F grade. 16. 74 percent of physicians said they felt the ACA would be overturned by Congress. 17. 66 percent of physicians want Congress to repeal the ACA. 18. 85 percent of physicians have adopted EHRs. 19. 61 percent of physicians reported an increase in overhead costs for items such as EHRs and administrative costs to comply with the ACA. 20. 60 percent of physicians reported more administrative work under the ACA. 21. 64 percent of physicians would choose medicine as a career again, a decrease from 69 percent in 2011. 22. 68 percent of physicians who have sold their practice approached the hos- pital to initiate acquisition talks. 23. 77 percent of physicians who sold their practice said the sale was the right decision. Orthopedic surgeon practice setting e 2014 American Academy of Orthopaedic Surgeons Orthopaedic Sur- geons Census shows: 24. 92.1 percent of the AAOS membership is male orthopedic surgeons; 5 percent is female orthopedic surgeons. 25. 88 percent of AAOS membership are Caucasian; 5.2 percent are Asian. 26. 89.5 percent of the orthopedic workforce is made up of full-time employ- ees; 10.5 percent are part-time. 27. 35 percent of physicians practice in an orthopedic group setting private practice; an additional 15 percent practice are in a solo setting and hospital/ medical center private practice. 28. 54 percent of respondents are specialists; 26.9 percent are general ortho- pedic surgeons with specialty interest; 19.6 percent are generalists. 29. Of the three most frequently cited primary areas of practice, 15.8 percent are sports medicine, 10.8 percent are hand and 10.4 percent are total joint. Pay-for-performance, malpractice insurance, private practice outlook e Physicians Practice 2015 Physician Compensation Survey shows: 30. 63.3 percent of physicians don't have compensation tied to value pro- vided. 31. 11 percent of physicians say around 1 percent to 5 percent of their com- pensation is tied to value. 32. 4.9 percent of physicians report 6 percent to 10 percent of their compen- sation is tied to value. 51 Things to Know About Physicians Today (continued from cover) Call: 888.416.2409 info@eSutures.com eSutures.com We Stock It, So You Don't Have To! eSutures.com knows that efficient inventory management is the key to your facility's success. From sutures to endomechanicals, to implants and instruments, we have over 1 million items in stock and ready to fulfill your just-in-time ordering needs! • All orders placed by 3pm CST ship same day; expedited shipping is available. • Low prices everyday - no contracts and no minimum order requirements. • Brand name products sold by the box or individual unit. Use promo code: ASC10 for 10% OFF your order of $50 or more!* *Offer expires 6/30/16. Limit 1 per customer.