ST. LOUIS, Nov. 3, 2016 /PRNewswire/ -- Cejka Executive Search SM ¿ in partnership with the American Association for Physician Leadership® ¿ today announced the results of the 10 th biennial Physician Leadership Compensation Survey. According to the survey, total median compensation for physicians in leadership in 2016 is $350,000, a three-year gain of 8% since the last survey in 2013. While fairly consistent with growth over the past seven years, this lags pre-recession two-year growth rates of 12% reported in 2007.
"Given health care reform and the continued attention on costs, including executive compensation, we don't expect physician leader compensation to return to pre-recession growth rates anytime soon," said Paul Esselman, Cejka Executive Search's Senior EVP and Managing Director. "However, there are emerging roles in response to the shift toward value-based care that provide physician leaders with significantly greater opportunities for earnings, as well as strategic input and organizational influence." Chief Executive Officer Not Always the Highest Paying Job The highest-paid physician executives on average earned $499,000 and served in emerging roles that include: Physician in Chief, Chief Strategy Officer, Chief Transformational Officer, Chief Innovation Officer and Chief Integration Officer. "Physicians in these transformative roles are often tasked with 'connecting the dots' across the organization and care continuum to achieve the greater efficiency and effectiveness of care required by newer reimbursement models, including population health management and accountable care," said Joyce Tucker, Cejka Executive Search EVP and Managing Principal. Trending Compensation for C-Suite Physician Leaders(Median compensation 2016 vs. 2013)Emerging Roles, C-Suite: $499,000 vs. $469,000, up 6%Chief Executive Officer/President: $437,500 vs. $410,000, up 7% Chief Medical Officer: $388,000 vs. $365,000, up 6%Chief Quality/Patient Safety Officer: $375,000 vs. $375,000Chief Information Officer/Chief Medical Information Officer: $372,500 vs. $315,000, up 18% The Growing Role of "Big Data" Drives Compensation Higher The greatest increase in C-suite compensation since 2013 was 18% for physicians in the Chief Information Officer (CIO) or Chief Medical Information Officer (CMIO) roles. The spike can be explained by the roles' shift in focus ¿ from electronic medical records implementation to ensuring the usability of data to support preventative care at the individual provider level and risk-based accountable care at the enterprise-level. "Clearly, there is perceived value in having a physician leader drive these initiatives and facilities are willing to compensate accordingly," said Esselman.