Anesthesia Groups' Average Administrative Service Contracts Outrank Other Specialties at $773K

Anesthesia is the highest-paid hospital-based physician specialty, with a median annual administrative service contract of $773,309, according to MD Ranger's 2010/2011 Physician Contract Benchmarks Report.

The numbers reported in the 2010/2011 Physician Contract Benchmarks Report do not represent the median annual salary of anesthesiologists, but rather, the average administrative service contract. In addition, group size and other factors are not adjusted. According to an October 2010 CNN Money report (link), anesthesiologists make an average salary of $290,000 each year.

The report contains benchmarks and contract terms for more than 300 contracts covering anesthesia, intensivist, hospitalist, emergency, neonatology, pathology, radiology, pediatric hospitalists and radiation oncology services. Contracts are common among traditional hospital-based specialties, with specialty groups contracting for the right to be exclusive on-site providers in exchange for guaranteed coverage and oversight.

Twenty-one percent of contracts only pay medical directorship fees, and another 34 percent only pay for coverage services. Anesthesia and hospitalist contracts are more likely to have an incentive component, which exist in approximately seven percent of all contracts.

The survey also reports that regional location of a hospital has no effect on rates paid for call coverage. Hospitals paid the highest rates for on-call coverage of trauma surgery, at a median rate of $2,379 per day, and lowest for psychiatry, at $161 per day. Trauma status had the strongest correlation to on-call payment rates.

Read the release on MD Ranger's second annual Physician Contract Benchmarks Report.

Read more on compensation:

-Study: Tetanic Simulation of P6 Acupuncture Point Reduces Post-Operative Nausea and Vomiting

-Anesthesia & Analgesia Series Discusses High-Risk Surgery

-Orphan Drug Could Make Morphine Safer, More Effective

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