BURLINGAME, Calif.--(BUSINESS WIRE)--MD Ranger released its seventh annual physician contract benchmark reports today. The reports include payment rates for over 162 services. The firm benchmarks payments for medical directorship, medical staff leadership and other administrative positions, emergency call coverage payments, hospital-based service stipends, clinics and diagnostic testing rates. The data are derived from 161 facilities across 31 states representing thousands of physicians.
When compared to previous MD Ranger reports, physician rates remain stable across most specialties. However, some services experienced significant changes, including:
Services with Largest Percentage Increases
|Call Coverage Per Diem Rates||
|Medical Direction Annual Payments||
|Psychiatry||34%||Information Technology / EHR||50%|
|Cardiac Anesthesia||32%||Case/Care Management||48%|
|Neurology:Accredited Stroke Ctr||30%||Quality Initiatives - All Types||42%|
|Interventional Radiology (All Types)||26%||Neuroscience Center||41%|
Trauma centers and hospital size continue to be significant factors that influence physician rates. In 2014, trauma centers paid on average 32% more for services across specialties.
Because MD Ranger collects comprehensive data directly from hospitals, the reports contain hard-to-find information on frequency of payment. For example, 74% of MD Ranger subscribers pay for general surgery call coverage and 25% report paying for committee/meeting attendance.
MD Ranger reports market ranges for hard-to-find payments, like Chief of Staff, EHR implementation, and quality initiatives. The payment rate for Chief of Staff has remained stable over the past three years, however the median annual hours of service have increased from 240 in 2013 to 300 in 2014.
Penny Stroud, CEO and Founder of MD Ranger, states, "Hospital payments for non-clinical physician services continue to increase. MD Ranger identified more than 162 types of paid services among its subscribers. The number of paid physician positions continues to increase particularly for quality initiatives, electronic health record training, committee attendance and other administrative roles that are important to the functioning of hospitals.”
MD Ranger is the leading provider of data-driven physician contract payment solutions that help health care organizations determine payment rates, negotiate competitive contracts, and comply with federal regulations. The company's proprietary database reduces the complexity and costs of establishing fair market value for on-call arrangements, medical directorships, administrative services, diagnostic testing services, and hospital-based medical groups.