|ECG Management Consultants Inc. Releases Findings From Its Provider Surveys
ECG Management Consultants Inc. said it has released its
ninth annual Washington State and Oregon Provider Compensation,
Production, and Benefits Surveys.
ECG’s Northwest surveys analyze and report
information from over 4,000 healthcare providers representing 42
physician subspecialties and 8 midlevel provider specialties in the
states of Washington and Oregon. The surveys include critical data such
as compensation-to-production ratios, including work and total relative
value units (RVUs), procedure code distributions, trends in provider
recruiting and retention, and specialty-specific benefit and
This information, coupled with ECG’s
interpretation of market trends, enables survey participants to assess
their performance relative to the competitive local market.
General findings in the 2008 surveys based on 2007 data indicate the following:
- Compensation relative to work RVU production
increased for Northwest physicians by 5.4 percent as a result of
compensation gains of 3.3 percent on declining production.
- Primary care physicians produced 20 percent more work
RVUs under the 2007 Medicare hysician fee schedule (PFS) than they did
under the 2006 Medicare PFS. Subspecialty physicians realized an
average gain in work RVUs of 13 percent under the 2007 Medicare PFS.
- Malpractice premiums have declined in the region as a
result of tort reform and the residual effects on the insurance
- Malpractice expenses decreased in both Oregon and Washington: 27.5 and 8.0 percent respectively over 2007 report data.
- Physician benefits expenses continue to increase as a
result of premium increases and a challenging recruiting and retention
environment that is forcing organizations to improve benefit offerings
to remain competitive. Washington physician benefits expense per
Full-time equivalent (FTE) increased to over $42,000, while Oregon
physician benefits expense stabilized at just over $31,000 per FTE.
- The majority of provider organizations are recruiting
primary care physicians but are reporting significant challenges in
filling open positions. The top three recruited specialties in the
Northwest for the second year in a row include family practice without
obstetrics, internal medicine and internal medicine –
- Health-system-employed groups continue to experience
significant losses (approximately 20 percent of collections), while
independent groups are reserving between 0 and 9 percent of collections
for working capital.
Address: ECG Management Consultants Inc., 1111 Third Ave., Suite 2700, Seattle, WA 98101; (206) 689-2200, www.ecgmc.com.