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2021 raises (hospital or group employed docs/specialists)

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  • 2021 raises (hospital or group employed docs/specialists)

    Seems a lot of places are back in the black after a rough revenue drop on outpatient $tuff and PPE/cleaning costs in 2020 that put hiring freezes, hold on raises, pay cuts or furloughs in some areas, etc.

    My center is no exception. We had raises on hold for 99% of employees after COVID hit, but now they did a 3% COLA for all employees of the hospital system... plus our performance eval/raises (roughly 5-10% for docs based on productivity... vs the usual 1-5% annual). That makes up for last year to some degree.

    Are a lot of other people seeing this? It seems pretty standard to be getting raises among my contacts in academic, govt, and other regular "non-profit" hospital employed. If you're not getting a bump, you probably need to ask.

  • #2
    What’s this “raise” you speak of?

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    • #3
      Nope. I’m in academics.

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      • #4
        Ha , nope

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        • #5
          I did ask why I was not getting the new higher wrvu for outpatient visits....admin said bc the higher rvus are only coming from Medicare and not all private payers are honoring it. Mmhmmm sure

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          • #6
            Ha on the “revenue drop” ... I really doubt these hospitals dropped all that much or at all when factoring in their bail out money abd other factors...

            yea, and no raise here

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            • #7
              I guess I'm in the minority. Employed in academics. Getting new wRVU rate for outpatient visits. Base salary increase by >5% over last year.

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              • #8
                10% cut to my RVU conversion factor. Did get some new OR equipment in trade.

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                • #9
                  Reading the first two posts in the thread, I just learned there are two different "Max Power" posters. Explains my confusion at times.

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                  • #10
                    We have a Cola built into our contract along with a significant change in how wrvus are calculated , so it was a net positive year financially

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                    • #11
                      Originally posted by 8arclay View Post
                      Reading the first two posts in the thread, I just learned there are two different "Max Power" posters. Explains my confusion at times.
                      I was the first.

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                      • #12
                        Originally posted by 8arclay View Post
                        Reading the first two posts in the thread, I just learned there are two different "Max Power" posters. Explains my confusion at times.
                        I didn't notice that until you pointed that out. I think it explains some of my confusion, too. It's obvious we'll be having a fight to the death between the two.

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                        • #13
                          Originally posted by CordMcNally View Post

                          I didn't notice that until you pointed that out. I think it explains some of my confusion, too. It's obvious we'll be having a fight to the death between the two.
                          Or Lordosis could create a poll. First to 5000 votes wins a WCI t shirt.

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                          • #14
                            Originally posted by CordMcNally View Post

                            I didn't notice that until you pointed that out. I think it explains some of my confusion, too. It's obvious we'll be having a fight to the death between the two.
                            How about a poll to decide who gets to keep the name? Rocks/paper/scissors? Cage match?

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                            • #15
                              Originally posted by HikingDO View Post

                              How about a poll to decide who gets to keep the name? Rocks/paper/scissors? Cage match?
                              If they're both Ortho then it will clearly be a bench press competition.

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