What is the typical or market compensation for a physician administrator?

[Lithium]

Matas wrote:

Here, many if not most are merely sycophantic toadies to senior administration, and viewed as pariahs by the rank and file medical staff. So whatever it is, it’s a high price for one’s dignity.

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This is my very cynical view.  Much like the NFL owners like to have Roger Goodell as a punching bag for their labor problems, administrators like to deploy fellow physicians to smile at us, let us vent, facilitate open dialogue, and say they advocate for us, but how much do they really change on our behalf?  Precious little.

[GXA]

I have several years experience as a CMO.  In our system they earn 300k-400k plus benefits for individual hospital CMOs.  The work never ends and at the end of the day it is easily a lower hourly wage then I earn in the Emergency Department.  Having achieved FI a few years ago, I opted to step down and work 8-10 shifts a month rather than 20+ days a month in the office with several evening meeting a month.

[adventure]

FIREshrink wrote:

If there were an opportunity to take a 0.5 or greater FTE role at a system level (say as a system VP of something) in a multi-state health care system with 10 hospitals, what would a physician expect or need to make?

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Depends what you negotiate, but I'd expect better in a 10 hospital system. Remember, at that level your job is business. If you can help the business, you usually are well compensated (or at least have room to negotiate).

[q-school]

adventure wrote:

FIREshrink wrote:

If there were an opportunity to take a 0.5 or greater FTE role at a system level (say as a system VP of something) in a multi-state health care system with 10 hospitals, what would a physician expect or need to make?

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Depends what you negotiate, but I’d expect better in a 10 hospital system. Remember, at that level your job is business. If you can help the business, you usually are well compensated (or at least have room to negotiate).

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the way hospitals decide physician fte always make me laugh.  i take your post to mean that you will be making decisions on behalf of 10 hospitals.  how is this a 0.5 fte position?  you are going to keep 100% of your outpatient and find locums for 50% of your inpatient.  i would run run run.

i haven't found there is much room to negotiate as these positions (in my experience) are typically tiered.  more power to you, but the amount of money would have to be significantly higher.  also, as you are financially independent, i am more worried about your work/life balance than your income.

jmo ymmv

 

[FIREshrink]

leaning against taking a system position whch would mean travel, stress, and the end of my four day work plus minimally more pay. keeping open the possibility of a local multi hospital position which would be negotiable and I think i could stick to 4 or 4.5 days per week. believe i would have a strong negotiating position, enjoy the challenge for a couple years, bring valuable perspective and skills to the position, and after that have a written agreement to drop to three days per week. a little higher pay of maybe ten percent but that’s not why I would do it.