Hospitalists in adult medicine reported an increase in median compensation from $215,000 to $220,619 in 2010, while pediatric hospitalists median compensation rose from $160,038 in 2009 to $171,617 in 2010. Though hospitalists earned more in 2010, they also reported higher productivity. The annual median adult hospitalist physician work relative value unit (wRVU) rate was 4,166, a 1.4% increase over last year.
According to the Medical Group Management Association (MGMA) and Society of Hospital Medicine’s (SHM’s) State of Hospital Medicine: 2011 Report Based on 2010 Data, compensation varied by how it was structured. Adult hospitalists with 50% base salary or less reported median compensation of $288,154, while adult hospitalists with 51-70% base salary reported median compensation of $249,250. Adult hospitalists who reported 71-90% base salary earned $213,542 in median compensation, and those with 91 to 99% base salary reported $221,270 in median compensation. Adult hospitalists with 100% base salary earned $205,003.
An analyst with MGMA said in a press release that hospitalist compensation is still evolving, which provides hospitalists room to negotiate for productivity and quality bonuses.
The report contains information on 4,633 hospitalists in 412 groups and 726 academic hospitalists in 68 academic hospital medicine practices, as well as group-level data on compensation methodology, group size and staffing mix, turnover and growth, staffing models and financial support.
*This blog post was originally published at ACP Hospitalist*