New Reports Show Modest Increases in Call, Direction Payments

Our newest reports are out, complete with over 90 services, including a number of new services in call coverage, medical direction, and administrative and leadership services.

This year, we found that most physician contracts in our database did not have a rate change from last year to this year. For medical direction positions, 76 percent of contracts did not change. For emergency call coverage, 69 percent of contracts did not change.

Table showing physician compensation benchmark rate change for 2010 to 2011

 

 

 

 

Among physician contracts that did have a rate change, the average change for medical direction physician compensation was 1.6 percent, while for emergency call coverage, the average change was 8.8 percent. A significant number of contracts–10 percent for medical direction and 9 percent for call coverage–saw a decrease in payment.

The average length of a contract in the MD Ranger database is about two years, and many contracts appear to be renewed with no change in rates. The bottom line is that, according to MD Ranger’s data analysis, physician compensation rates at most hospitals for call coverage and medical direction tend to be relatively stable.

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Interview: Penny Stroud talks Call Coverage Benchmarking with HealthLeaders

Penny StroudKaren Minich-Porshadi interviewed MD Ranger founder Penny Stroud for a recent article published in HealthLeaders Media, “Benchmarking Call Coverage for a Better Bottom Line.” She writes:

Call coverage is a necessity at every hospital, but if it isn’t calculated properly (and recalculated frequently) it can quietly bleed your budget. So how can you get your call coverage costs under control? Simply, you must benchmark them.

Later in the article, Penny offers her advice to hospital financial managers for keeping an eye on call coverage contracts. MD Ranger can help hospitals with benchmarking call coverage contracts against our market-leading database for more than 25 specialties.

Read the full article, including Penny’s tips, here.

 

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