33 benchmarks to know on physician, nurse salary

Here are 33 benchmarks on physician and nurse salary from several sources across the industry:

OR Manager
OR Manager's 2018 Salary/Career survey reported seven key statistics on ASC leader pay and demographics.

1. Forty-three percent of hospital leaders said they earned $120,000 or more, compared to 37 percent of ASC leaders.

2. In 2017, 40 percent of hospital leaders said they earned $120,000 or more, compared to 29 percent for ASC leaders.

3. Only 16 percent of ASC leaders said they earned less than $80,000.

4. The average age of respondents was 51.7 years old.

5. Thirty-four percent of respondents had a master's degree.

6. Eighty-nine percent were female.

7. Over 70 percent were RNs.

American Medical Group Association
An American Medical Group Association report found physician compensation and productivity did not experience a meaningful increase in 2017. AMGA recorded responses from 270 multispecialty medical groups, representing 105,000 clinical providers in its AMGA 2018 Medical Group Compensation and Productivity Survey.

8. The weighted average change in median compensation for all physician specialties was an increase of 1.2 percent.

9. The weighted average change in median physician productivity was negative 1.63 percent.

10. Cardiothoracic surgery saw the largest pay increase at 6.4 percent.

11. The next highest increase was emergency medicine at 1 percent.

12. The report said possible reasons for the decrease in productivity may be burdensome EHR use, as well as administrative and compliance requirements.

Medscape released their RN/LPN Compensation Report for 2018, surveying 10,282 nurses about their annual earnings, which were calculated based on 2017 compensation.

13. The average full-time earnings for registered nurses and licensed practical nurses were $81,000 and $46,000, respectively.

14. The average full-time earnings for RNs in 2016 were $80,000. Average salaries for LPNs did not change from 2016.

15. Fewer RNs and LPNs reported working full time in 2017 compared to 2016, with 75 percent of RNs working full time and 80 percent of LPNs in 2017. Eighty-one percent of RNs worked full time in 2016, and 82 percent of LPNs worked full time in 2016.

16. RNs reported making $37 per hour on average, compared to $22 for LPNs.

17. Salaried RNs make $84,000 per year on average, slightly more than RNS paid by the hour, who report $78,000 per year in average compensation. Salaried LPNs are paid $51,000, compared to LPNs paid by the hour, who report $45,000 in average compensation.

18. Male nurses made on average $4,000 more per year than female nurses. Only 8 to 10 percent of nurses are men, according to Medscape. Hourly wages were about the same for men and women, with male and female RNs making on average $37 per hour. Male LPNs made on average $23 an hour, compared to $22 for female LPNs.

MDLinx pulled data from the Bureau of Labor Statistics 2017 State Occupational Employment and Wage Estimates to rank where physicians are paid the most. Here are the 15 states where physicians make the highest average salaries:

19. New Hampshire: $263,721

20. South Dakota: $248,119

21. Wisconsin: $247,743

22. Alabama: $245,818

23. North Dakota: $243,402

24. Alaska: $241,455

25. Wyoming: $240,742

26. Tennessee: $240,041

27. Iowa: $238,223

28. Nevada: $236,904

29. Colorado: $236, 852

30. Indiana: $235,345

31. West Virginia: $235,287

32. Washington: $234,583

33. Maine: $232,527

More articles on benchmarking:
The Leapfrog Group expands ratings to include ASCs, will survey 5K+
19 ASC benchmarks on quality, EHR use & more
22 benchmarks to know on ASC case mix and revenue

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