Managed Care

 

Medical directors’ pay up 37% since ‘97 — or not

MANAGED CARE December 2007. © MediMedia USA
Compensation Monitor

Medical directors’ pay up 37% since ‘97 — or not

MANAGED CARE December 2007. ©MediMedia USA













Salaries of medical directors and associate/assistant medical directors have risen by more than 30 percent over the last 10 years, according to the 2007 Cejka Search/American College of Physician Executives Compensation Survey. In 1997, medical directors earned an average of $175,000; associate/assistant medical directors earned an average of $160,000. In 2007, salaries of medical directors averaged $240,000. Associate/assistant medical directors averaged $210,000 — a 37-percent and 31-percent increase, respectively.

Another way to look at it, however, is that the Consumer Price Index rose 28.5 percent during those years, so these valuable professionals are not much ahead of where they were 10 years ago in terms of buying power. It costs $225,000 to buy today what $175,000 bought 10 years ago.

When stratified by type of organization, medical directors employed by hospitals were paid the most, followed by single-specialty groups, multispecialty groups, health plans, and academic health centers. Associate/assistant medical directors of multispecialty groups were paid the most, followed by hospitals, academic health centers, and, at the bottom, health plans. Interestingly, associate/assistant medical directors employed by a health plan experienced a 1-percent drop in salary in 2007, but this is not statistically significant because of the low response rate.

*Higher pay for associates is an anomaly. The sample for this group was very small.

Source: 2007 Cejka Search/ACPE Compensation Survey

Meetings

Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014