Increase in Compensation and Roles of Physician Leaders

There has been a trend of physicians who have leadership roles within hospitals experiencing an increase in responsibilities and also in compensation for the additional roles and duties. Some of this is due to an increase in affiliations with academic facilities and hospitals.

Leadership positions in hospitals are becoming more fully developed and time-consuming than in the past, incorporating the financial aspects of the department, physician recruitment, coordination with academic medical centers, quality, and even marketing roles.

Compensation for different leadership roles varies by specialty and institution. However based on the findings of this article in Becker's Hospital Review, the increased roles and responsibilities of physicians in leadership positions will be compensated at a higher level. Also, healthcare reform is likely to accelerate this trend as more organizations adopt more fully integrated models such as accountable care organizations and also lead to more value-based compensation.

The complexity of leadership roles in hospitals typically requires the physicians to have a much more business-oriented skill set. Hospitals are responding by investing more in improving their physicians' leadership, business, and communication skills.

Read the full article in Becker's Hospital Review, or click here:
http://www.beckershospitalreview.com/physician-hospital-relationships-employment-jvs/physician-hospital-relationships-employment-jvs/roles-and-compensation-of-physician-leaders-in-hospitals-growing.html