February 21, 2024
How does your physician and APP compensation strategy compare to other academic medical centers?
Due to the tripartite mission of education, research, and patient care, academic medical centers (AMCs) face a number of unique challenges.
Amid intense competition for faculty physicians and advanced practice providers (APPs), many are looking to adopt a more strategic approach to compensation – requiring comprehensive, data-driven insight into pay levels, productivity, work effort allocation and more.
Utilize benchmarks from SullivanCotter’s 2023 Physician Compensation and Productivity Survey – which features data from 78 medical schools on 76,000 academic physicians and 40,000 APPs – to help address the following questions:
- Does faculty physician compensation support recruitment and retention?
- Do productivity levels support financial sustainability and growth?
- Does work effort allocation support patient access and the academic mission?
- Is APP compensation competitive compared to other organizations?
