An Essential Strategic Planning Tool.
BY CARDIOLOGY. FOR CARDIOLOGY.
MedAxiom’s ninth annual Cardiovascular Provider Compensation and Production Survey Report – which unveils trends across cardiology, surgery, advanced practice providers (APPs) and non-clinical compensation – reveals the true impact of the coronavirus pandemic on cardiovascular programs from coast to coast. In addition to highlighting comparisons between private and integrated models, the 2021 report features new panel size metrics for workforce planning. Use this comprehensive report as you strategically plan for 2022 and beyond.
Report Highlights:
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While cardiology production was significantly down, cardiology compensation fared well in 2020. In fact, private group cardiologist compensation rose. |
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New patient volumes were the lowest in the past five years due to the pandemic. |
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The market value of cardiac surgeons continues to rise; compensation has increased by 39% since 2016. |
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A new patient panel measure shows a downward trend for median physician FTE per 1,000 active patients suggesting that the cardiology community is moving more care to APPs as part of its clinical strategy. |
The New Normal Calls For New Compensation Strategies
MedAxiom’s Consulting Team can help you:
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Sync with your program’s mission and vision |
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Align provider compensation with your organizational strategy and objectives |
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Create an alignment around care transformation initiatives and non-production value measures |
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Develop a reward process for effective care team development and deployment |
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Balance economics in the transition from fee-for-service to full risk |
