Study: About 35 Percent of Medical Directors Received Bonuses This Year

About 35 percent of medical directors have gotten bonuses this year, nearly 8 percent more than last year.

The findings were revealed in a study of more than 3,000 medical directors in the 2012 Medical Director Compensation Survey, published by Dallas-based Integrated Healthcare Strategies and reported on by Health Leaders Media.

At least 60 percent of hospitals reported spending at least $500,000 in medical director compensation in 2011. Psychiatry, general, emergency medicine and family medicine were among the most common medical director positions, the survey showed…

While 34.7 percent of the organizations offered a medical director performance bonuses this year, 65.3 percent did not.  But more than 25 percent reported they are considering implementing a bonus for medical directors, an increase from 19.4 percent last year, according to the survey.

Hospitals with less than $100 million in net revenue averaged at least 10 medical director positions, while hospitals with more than $500 million averaged 30 positions, according to the report. The scope and hours of a medical director vary, but the majority of positions are part-time and from the medical staff.

 

 

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