Physician compensation benchmarking sources: comparison of national medians

Physician Compensation Report, April, 2003

Physician Compensation Benchmarking Sources:
Comparison of National Medians

The following are median national total cash compensation figures
(bonuses included, benefits excluded) for major specialties from
benchmark sources that offer relatively current data (covering 2001
or later) for all or most of the specialties. Pay figures are in
dollars, rounded off to the nearest thousand.

                                       Consultant
Specialty                AMGA   MGMA   Consortium   Hay Group

Anesthesiology           $279   $282      $342        $257
Cardiology: invasive     $287   $362      $576        $291
Dermatology              $221   $210      $400         NA
Emergency medicine       $205   $211      $257        $189
Family practice w/ OB    $159   $150      $118         NA
Family practice w/o OB   $146   $147      $135        $141
Gastroenterology         $247   $312      $406         NA
Internal medicine        $151   $149      $173        $142
Neurology                $182   $180      $229         NA
Ob/gyn                   $231   $231      $295        $231
Oncology/hematology      $210   $280       NA          NA
Ophthalmology            $240   $261      $271        $196
Orthopedic surgery       $325   $354      $437        $260
Pathology                $221   $239      $401         NA
Pediatrics, general      $149   $150      $187        $133
Psychiatry               $158   $154       NA         $141
Radiology: diagnostic    $303   $299      $531        $260
Surgery, general         $255   $258      $337        $210
Urology                  $277   $303      $449         NA

                            Sullivan   Warren    Merritt,   Physicians
Specialty                    Cotter    Surveys   Hawkins      Search

Anesthesiology                $212      $258       $278        $279
Cardiology: invasive          $258      $278       $273        $301
Dermatology                   $197       NA         NA         $232
Emergency medicine            $195      $177        NA         $211
Family practice w/ OB         $149       NA         NA          NA
Family practice w/o OB        $140      $148       $144        $148
Gastroenterology              $210      $280       $226        $282
Internal medicine             $140      $158       $148        $160
Neurology                     $147       NA         NA         $197
Ob/gyn                        $213      $222       $219        $248
Oncology/hematology           $199      $219        NA         $269
Ophthalmology                 $207      $239        NA         $257
Orthopedic surgery            $281      $291       $295        $346
Pathology                     $236       NA         NA          NA
Pediatrics, general           $134      $150        NA         $150
Psychiatry                    $132      $157        NA         $161
Radiology: diagnostic         $247      $192       $286        $319
Surgery, general              $200      $237       $221        $261
Urology                       $249      $234       $245        $285

NA means not available to PCR.

SOURCES: Associations: American Medical Group Association, Medical
Group Compensation and Productivity Survey: 2002 Report Based on 2001
Data. Medical Group Management Association, Physician Compensation and
Production Survey: 2002 Report Based on 2001 Data. Both associations
report physician income for all of 2001.

Consultants: Consortium of National Association of Healthcare
Consultants and Society of Medical-Dental Management Consultants,
Medical and Dental Income and Expense Averages: 2002 Report Based on
2001 Data. Average 2001 per-physician profit, roughly equivalent to
physician compensation and benefits including retirement, plus any
change in working capital.

Hay Group, 2002 Physician Compensation Report. Data are means,
not medians. Pay rates as of May 2002.

Sullivan, Cotter & Associates, 2002 Physician Compensation and
Productivity Survey Report. Pay rates as of April 2002.

Warren Surveys, Physician Compensation and Benefits Survey, 2002.
Data are means, not medians. Pay rates as of September 2002. Emergency
medicine includes urgent care.

Recruiters: Merritt, Hawkins & Associates. Data are means, not medians.
They reflect employers' offers, not actual pay deals, from MHA's own
recruiting assignments from April 2001 through March 2002.

Physicians Search. Data are mean first-year base salaries (bonuses and
benefits excluded) negotiated by physicians with three or more years of
experience, who are placed by members of National Association of
Physician Recruiters. Data are updated on running basis--one or two
specialties at a time over 12-to-18-month cycles.