MD Ranger’s 2020 Benchmarks: Hospital Physician Payments Continue to Grow

Written by Erik Bartlett on .

MD Ranger announced the publication of new 2020 physician contract benchmarks for non-salaried physicians. The 2020 report underscores the significance of physician payments for non-clinical services as a major component of hospital spending. According to MD Ranger’s database, the average community hospital spends more than $8 million per year on non-employed physician arrangements. MD Ranger’s physician payment benchmarks include ED call coverage, medical directorships, administrative services, hospital-based services, medical staff leadership, telemedicine and diagnostic testing, in addition to clinical hourly rates.

MD Ranger’s 11th annual report features 600+ benchmarks derived from a database of over 39,500 contracts from 330 facilities in 31 states across the US, making it the largest survey of non-salaried physician payments. Health care providers use MD Ranger’s benchmarks to document fair market value and comply with federal Stark and anti-kickback regulations. MD Ranger is used by hundreds of healthcare organizations, including hospitals, health systems, trauma centers, critical access hospitals, medical groups, LTACs and other specialty and outpatient providers. Brian S Colonna, CHPC, HIPAA Manager of Privacy at Renown Health in Reno, Nevada, says, “Creating simple, effective policies for compensating physicians is crucial to remain compliant. At Renown, we use MD Ranger as the foundation for our physician contracting process. From identifying the right rates, to measuring overall financial performance, MD Ranger is easy and intuitive to use​ and has helped our organization do more with fewer resources”.

MD Ranger’s benchmarks demonstrate the cost and scope of services that health care facilities purchase from physicians. Founder and CEO Penny Stroud says, “In these uncertain times of the COVID-19 pandemic, healthcare organizations rely even more heavily on physicians for key services like emergency call coverage, medical direction, clinic staffing, emergency coverage, leadership and other administrative services. Providers across the country have used MD Ranger’s unique benchmarks to determine the right payment rates for both routine and pandemic-related physician services”.

Key findings from the 2020 benchmarks include:

New 2020 benchmarks include:

About MD Ranger

MD Ranger partners with leading health care organizations to simplify the physician compensation process. Through a web-based product, MD Ranger helps health care organizations and medical groups set compensation and document FMV. MD Ranger’s approach streamlines the process and reduces the cost of compliance documentation and negotiation for large and small health care providers.

Print