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Physician Executive Compensation Recovers with Economy: Slowly

Posted on November15, 2014

Cejka Executive Search and the American College of Physician Executives Release the 2013 Physician Executive Compensation Survey

ST. LOUIS (Nov. 14, 2013) – Physician executive compensation growth over the last two years remained slow, reflecting the reality of an ongoing economic recovery and the uncertainty of health care reform, according to the Cejka Executive Search and American College of Physician Executives (ACPE) 2013 Physician Executive Compensation Survey.

While health reform implementation has accelerated demand for physicians in clinical, operational and administrative leadership roles, the 7 percent compensation growth rate from 2010 to 2012 is essentially unchanged from the rate of growth reported in the 2011 survey (6 percent between 2008 and 2010).

As self-reported by 2,364 physician executives, median compensation grew an average of 7 percent between 2010 and 2012 to median compensation of $325,000 across all 19 titles and 26 organization types.

“The survey delivered strong indicators that pay will continue to depend on organizational performance, scope of responsibility and attainment of a post-graduate management degree,” said Lori Schutte, MBA, president of Cejka Search.

Key Highlights

  • Performance: In the C-Suite, chief executive officers (CEOs) reported the smallest two-year gain (4 percent) perhaps reflecting the reliance of their pay packages on organizational financial performance during an economically and politically uncertain period.
  • Scope: CEOs of regional organizations serving multiple sites earned 16 percent above median.
  • Training: CEOs with a Master in Business Administration in addition to a medical degree earned 28 percent higher compensation that those without a post-graduate business management degree.

“The demand for physician leaders continues to grow each year in every segment of the health care industry,” said Peter B. Angood, MD, FRCS(C), FACS, FCCM, chief executive officer of the American College of Physician Executives. “This year’s survey illuminates the opportunities for physician leaders who are prepared for and passionate about leadership opportunities.”

A full copy of the Cejka Executive Search and ACPE 2013 Physician Executive Compensation Survey is available to the media upon request. The report may be purchased by the public at http://www.cejkaexecutivesearch.com/survey2013 at $485 for ACPE members and $240 for non-members.

About the American College of Physician Executives

The American College of Physician Executives (ACPE), located in Tampa, Florida, is the leading national professional association representing physicians in management and with a membership of over 11,000 including some of the nation’s top healthcare leaders. The American College of Physician Executives is the AMA-recognized specialty society representing physicians in health care leadership. For nearly 40 years, physicians nationwide have chosen ACPE’s innovative educational and career development programs to build the knowledge and skills they need to shape the future of health care.

About Cejka Executive Search

Cejka Executive Search, http://www.cejkaexecutivesearch.com, is a nationally recognized executive and physician search organization providing services exclusively to the health care industry for more than thirty years. Partnering with our client organizations to identify and present the best talent, Cejka Executive Search completes assignments across all levels of the health care continuum and is a market leader in providing flexible, innovative recruitment and leadership development services. Cejka Executive Search is a part of Cross Country Healthcare, Inc., a leading provider of health care staffing services in the United States.

Contact Carrie Johnson, (813) 636-2807, cjohnson@acpe.org.