2023 State of Hospital Medicine Report (Electronic Version)-Section 5: Hospitalist Compensation and Production

Pdf Summary

The 2023 State of Hospital Medicine Report's Section 5 provides a comprehensive analysis of hospitalist compensation and productivity, drawing from data licensed by the Society of Hospital Medicine from the Medical Group Management Association (MGMA) Physician Compensation and Production Survey. The survey, conducted in early 2023, encompasses fiscal year 2022 data, representing responses from 353 medical groups to reveal compensation and productivity metrics for 9,382 hospitalists, including physicians, nurse practitioners (NPs), and physician assistants (PAs).

Key highlights include:

1. <strong>Specialty and Regional Differences</strong>: The report details variations in compensation and productivity across specialties such as Internal Medicine, Pediatrics, and Family Medicine. For instance, Internal Medicine hospitalists have a median compensation that has grown to $323,958 with regional variations noted, where the Midwest had the highest median at $336,536.

2. <strong>Productivity Metrics</strong>: Work Relative Value Units (wRVUs) remain a central productivity metric, showing that compensation generally increases with higher productivity, but the compensation per wRVU declines in higher productivity quartiles due to base salary models.

3. <strong>Academic vs. Non-Academic</strong>: Academic hospitalists generally show lower productivity and compensation compared to their non-academic counterparts, reflecting the differing roles that include educational duties.

4. <strong>Growth in NP/PA Roles</strong>: The report highlights the increasing role of NPs and PAs, with median compensation of $127,939 for these roles, indicating a gradual increase in their integration within hospitalist programs.

5. <strong>Compensation Plans</strong>: The design of compensation plans continues to be a key discussion point, emphasizing aligning productivity with incentive structures to ensure quality care.

Overall, Section 5 provides valuable data that helps hospital medicine groups design effective compensation plans that balance productivity with fair remuneration, ensuring high-quality patient care and operational efficiency.

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Concept Hospitalist Compensation

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Concept Compensation per wRVU

Concept Productivity Benchmarks

Concept Compensation

Keywords

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Hospitalist Compensation

Work RVU

Compensation per wRVU

Productivity Benchmarks

Compensation