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Dean Dorton Salary Survey Results – Kentucky
Adam Shewmaker, FHFMA Director of Healthcare Consulting Services Meagan Parker, MHA, CMA Manager of Healthcare Consulting Services Patti Bingham, CMM, CMPM Practice Administrator, All Children Pediatrics
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Introductions Adam Shewmaker, FHFMA Meagan Parker, MHA, CMA
Director of Healthcare Consulting | Dean Dorton Adam Shewmaker, FHFMA Manager of Healthcare Consulting | Dean Dorton Meagan Parker, MHA, CMA Practice Administrator | All Children Pediatrics Patti Bingham, CMM, CMPM
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Objectives National and regional trends What employees value
2019 salary survey results All Children Pediatrics – a practice perspective
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Detailed Summary: Five-Year Period Through Jan 2018
Measure July 2012 January 2018 % Increase Number of hospital-employed physicians 94,700 168,800 78.2% % of hospital-employed physicians 25.8% 44.0% 70.8% Number of hospital-owned practices 35,700 80,000 124.4% % of hospital-owned practices 13.6% 31.2% 128.7% National Trends Measure Region July 2012 January 2018 % Increase % of hospital-employed physicians Northeast South Midwest West AK & HI 22.1% 21.0% 34.3% 25.0% 18.3% 45.7% 39.2% 55.1% 41.2% 34.1% 107.0% 86.8% 60.7% 64.8% 86.1% % of hospital-owned practices 13.2% 12.2% 20.1% 11.3% 7.3% 31.6% 28.5% 38.4% 28.0% 29.4% 139.4% 133.6% 91.0% 147.8% 302.7% Regional Trends
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Number of Hospital-Employed Physicians
From July 2016 to January 2018, the number of physicians employed by hospitals increased by 14,000 nationwide After a small decrease in July 2016 due to a reduction in total number of physicians, the number of employed physicians rose to nearly 170,000 by 2018 | Avalere analysis of SK&A hospital/health system ownership of physician practice locations data with Medicare Standard Analytic Files
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National Trends July 2016 through January 2018: Measure July 2016
% Increase Number of hospital-employed physicians 154,900 168,800 9.0% % of hospital-employed physicians 41.7% 44.0% 5.7% Number of hospital-owned practices 72,100 80,000 11.1% % of hospital-owned practices 29.7% 31.2% 5.0% July 2016 through January 2018: An additional 14,000 physicians were employed by hospitals An additional 8,000 practices were acquired by hospitals
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Regional Trends Measure Region July 2016 January 2018 % Increase
% of hospital-employed physicians Northeast South Midwest West AK & HI 44.3% 37.4% 52.8% 38.7% 34.4% 45.7% 39.2% 55.1% 41.2% 34.1% 3.3% 5.0% 4.3% 6.6% -0.9% % of hospital-owned practices 30.6% 26.9% 37.0% 25.9% 29.0% 31.6% 28.5% 38.4% 28.0% 29.4% 6.0% 3.8% 8.1% 1.4%
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Hospital-Employed Physicians by Region
Between July 2016 and January 2018, the percentage of hospital-employed physicians increased between 3% and 7% in most regions | Avalere analysis of SK&A hospital/health system ownership of physician practice locations data with Medicare Standard Analytic Files
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Other Trends Physician Pay (AMGA Consulting)
Overall increased by a median of 2.92% in 2018 Primary care increased by 4.91% Specialists increased 3.39% Nurse Practitioners in primary care increased 2.92% Physician Assistants in primary care increased 2.50%
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Other Trends Physician Age and compensation (2018)
Older specialists (ages 40-69) made $72,000 more than younger specialists Older PCPs made $32,000 more in annual salary More women physicians 45% of younger physicians are female (up from 41%) 34% of older physicians (40-69) are female (up from 31%) 2017: first-time females enrolling in medical school surpassed males
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Other Trends Employed vs. independent
58% of recently surveyed physicians do not think hospital employment will enhance quality or care or decrease costs (Continuumhealth.net) Hospital financial losses per physician Average loss of $200,000 per employed physician per year
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Be a doctor, not a business person Reimbursement changes
Decision Points Lifestyle and burnout Administrative tasks Be a doctor, not a business person Overhead costs Reimbursement changes Patient workload Call rotation
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Growth and continued education
Employees Recognition Flexibility Culture Growth and continued education Giving back
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Survey Results History and approach
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Demographics Urban: majority of the population, which the practice serves, is located in a city of 50,000 or more Suburban: located in a residential area adjacent to an urban area of 50,000 or more Small City: located in a city with a population greater than 2,500 but less than 50,000 Rural: located in a town of less than 2,500
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Primary Specialty Other: Cardiology, anesthesiology/pain management, behavioral health, dermatology, emergency, endrocrinology, ENT, OB-GYN, radiology
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Number of Full-Time Equivalents
Medical providers: NP, PA Medical physicians: MD, DO Staff (non-providers)
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Patient Revenue Collected in Last Fiscal Year
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Patients Seen Per Day
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Employee Salary
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Executive Leadership: Practice Administrator
$97,500 $87,269 $78,068
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Mid-Level Management
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Mid-Level Management: Deeper Dive
Clinic/Office Manager Front Office Supervisor $87,269 $78,068 $66,250 $61,873 $61,555
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Front Line Staff $23.73 $19.99 $19.26 $18.00 $15.51 $14.88 $14.26
$13.48
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Clinical Support: Mid-Level Providers
Mid-Level Provider (includes NP and PA) Nurse Practitioner Physician Assistant $120,506 $120,371 $111,688 $105,470 $96,104
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Clinical Support: RN $32.49 $31.29 $28.92
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Clinical Support Staff
$24.10 $23.67 $21.97 $18.90 $17.62 $16.62
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Clinical Support: Deeper Dive
X-Ray Lab $33.44 30.89 $26.43 $25.81 $24.10 $23.67
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Billing Manager $62,500
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Billing Staff $19.50 $18.55 $18.23 $16.62 $13.48
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All Children Pediatrics: A Practice Perspective
Q&A with Patti Bingham All Children Pediatrics: A Practice Perspective
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Adam Shewmaker, FHFMA Meagan Parker, MHA, CMA Patti Bingham, CMM, CMPM
| Meagan Parker, MHA, CMA | Patti Bingham, CMM, CMPM |
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