Compensation for medical directors varies widely across specialties, with the lowest annualized compensation reported by internists and pediatricians at $7,500, according to Medical Group Management Association's Medical Directorship and On-Call Compensation Survey: 2011 Report Based on 2010 Data.
According to the survey, the majority of participants reported median annualized compensation levels of less than or equal to $50,000. Only four specialties reported annualized compensation of more than $50,000.
Compensation also varied by practice ownership. For example, radiologists and neurologists reported greater annualized compensation in not-hospital-owned practices, and family practitioners with and without obstetrics reported greater annualized compensation in hospital-owned practices. Most medical directors spent four to six hours per week on directorship duties, which included developing policies and procedures, attending meetings, clinical peer review, community relations and strategic development.
Read more about MGMA.
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According to the survey, the majority of participants reported median annualized compensation levels of less than or equal to $50,000. Only four specialties reported annualized compensation of more than $50,000.
Compensation also varied by practice ownership. For example, radiologists and neurologists reported greater annualized compensation in not-hospital-owned practices, and family practitioners with and without obstetrics reported greater annualized compensation in hospital-owned practices. Most medical directors spent four to six hours per week on directorship duties, which included developing policies and procedures, attending meetings, clinical peer review, community relations and strategic development.
Read more about MGMA.
Related Articles on Compensation:
Survey: 45% of Physicians Expect Higher Salaries With Hospital Employment
What Should Your Surgery Center Pay Its Employees?
Average Total Compensation for 7 Specialties Found in Surgery Centers