Becker's ASC Review

15 ASC Management 15 8 Statistics on Physician Starting Salary & Bonuses By Laura Dyrda A rthur | Marshall Physician Search released the "Physi- cian Recruiting Incentives 2016 Review" with informa- tion about compensation and signing bonuses for physicians. Here are eight key statistics: 1. Thirty-five percent of physicians were offered just salaries last year, compared with 43 percent in 2014 and 22 percent in 2013. 2. The physicians offered salary with production bonuses was up slightly from last year — at 59 percent in 2015 compared with 57 percent in 2014 — but down from the 73 percent in 2013. 3. Only 6 percent of physicians received an income guar- antee, but that's up from 0 percent reported in 2014 and 5 percent in 2013. 4. Thirty-four percent of the physician signing bonuses last year were reported at $5,000 or less; 53 percent reported signing bonuses at $5,001 to $25,000. That's up slightly from 51 percent in 2014 who reported signing bonuses of $5,001 to $25,000. 5. Thirteen percent of the physicians with a signing bonus in 2015 reported the bonus at $25,001 to $50,000. Only 1 percent reported $50,001 to $100,000. 6. Almost all — 91 percent — of physicians were offered health insurance; 90 percent were offered malpractice benefits. 7. Ninety-one percent of the searches were offered retire- ment and disability benefits. However, only 26 percent reported educational loan forgiveness. 8. Last year, searches offering relocation allowance includ- ed: • Under $10,000: 21 percent • $10,000 to $15,000: 51 percent • Over $15,000: 5 percent • Unlimited with receipts: 0 percent • Not needed/offered: 23 percent n The largest management companies and over 20,000 healthcare providers trust Surgical Notes' cutting-edge revenue cycle management solutions and services to enhance the financial strength and performance of their ASCs. By assimilating Surgical Notes' products and services, ASCs have access to an enterprise revenue cycle solution geared toward maximizing profitability, physician disbursements, and business office efficiency. Transcription | Coding & Coding Audits | Revenue Cycle Management Document Management | Central Billing Office | Electronic Health Records (800) 459-5616 | sales@surgicalnotes.com | www.surgicalnotes.com Visit us at ASCA Booth #615 and Becker's June Conference Booth #19 COMPLETE REVENUE CYCLE SOLUTIONS

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