Modern Healthcare | Physician Compensation Plateaus During Pandemic
Protecting physician compensation during the COVID-19 pandemic
While many healthcare organizations continue to undergo post-pandemic financial and operational recovery planning, maintaining the broader workforce remains a top priority. Although physician compensation may have been expected to drop over the course of the last year due to a major decline in patient volumes and the cancellation of elective procedures during the shutdown, the majority of hospitals and health systems implemented to protect physician compensation to some degree.
Featured in a July 2021 edition of Modern Healthcare, SullivanCotter helps to evaluate how compensation evolved during the COVID-19 pandemic, which pay actions organizations implemented in response, and how to move forward with evaluating pay programs for 2021 and beyond. Organizations will now need reassess physician pay models in light of recent events to help maintain operations and support future sustainability while paying close attention to newly-released 2021 benchmarks and effectively adjusting for months most affected by the pandemic.