ACFAS Compensation and Benefits Survey Results Spring 2012

Transcription

1 ACFAS Compensation and Benefits Survey Results Spring 2012 The 2012 ACFAS Compensation and Benefits Survey was conducted in Spring 2012 as part of the College s triennial Practice Economics Survey. The survey was conducted by Perception Solutions, Inc., which conducts similar surveys for other national medical associations. The survey consultant reported a 95 percent confidence that responses to most questions were within +/-3.8 percent accuracy, and that the sample size was representative for ACFAS Fellow and Associate Members. Please consider that some disparities between some demographics may be due to explainable causes/forces not obviously apparent on the surface. Questions? Contact ACFAS executive director Chris Mahaffey at Mahaffey@acfas.org. Average Annual Salary 2012 Survey Sample size % What is your annual salary, not including bonuses? (based on 2,080 hours per year) Less than $100, % $100,000-$150, % $150,001-$200, % $200,001-$300, % $300,001-$500, % Greater tha $500, % Total 470 Average salary (470 respondents provided info) $196, th Percentile (10% of all respondents) $85, th Percentile (25% of all respondents) $120, th Percentile (50% of all respondents- Median value) $174, th Percentile (75% of all respondents) $250, th Percentile (95% of all respondents) $348,200 Average annual salary by age Average annual salary by gender 20 to 35 old 36 to 50 old 51 to 65 old Over 65 old Male Female $149,228 $218,549 $195,020 $158,188 $208,102 $137,570 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 1 of 9

2 Average annual salary by current ABPS status & ankle $213,975 $205,967 $259,899 $142,386 $163,605 Average annual salary by spent in residency Have you performed a surgical fellowship? Less than 1 year 1 year Yes No $186,714 $203,852 $200,890 $192,236 $185,783 $200,220 $196,558 Average annual salary by practicing in field or specialty 1 to 2 3 to 5 6 to to to or more $117,526 $162,413 $212,409 $222,994 $211,250 $189,013 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 2 of 9

3 2012 Survey Sample size % Compared to your 2010 net professional income, did your 2011 net professional income: Increase more than 10% % Increase 1-10% % Stay the same % Decrease 1-10% % Decrease more than 10% % Total % Expense Allowance If you own your practice and, in addition to the salary you pay to yourself you receive an allowance for expenses, please provide: Allowance for expenses- total amount for 2011 Average (171 respondents provided info) $48, th Percentile (25% of all respondents) $10, th Percentile (50% of all respondents- Median value) $20, th Percentile (75% of all respondents) $50,000 Average expense allowance by age Average expense allowance by gender 20 to 35 old 36 to 50 old 51 to 65 old Over 65 old Male Female $14,889 $50,353 $59,400 $22,444 $52,073 $14,400 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 3 of 9

4 Average expense allowance by current ABPS status & ankle $53,192 $54,238 $30,762 $19,600 $18,214 Average expense allowance by spent in residency Have you performed a surgical fellowship? Less than 1 year 1 year Yes No $23,750 $43,831 $71,717 $35,091 $23,750 $69,250 $46,283 Average expense allowance by practicing in field or specialty 1 to 2 3 to 5 6 to to to or more $12,786 $24,786 $42,917 $60,823 $42,065 $70,267 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 4 of 9

5 Profit Sharing If you own your practice and, in addition to the salary you pay to yourself, you a share of the profit from the practice, please provide: Share of profit from practice - total amount for 2011 Average (119 respondents provided info) $71, th Percentile (25% of all respondents) $20, th Percentile (50% of all respondents- Median value) $40, th Percentile (75% of all respondents) $100,000 Average profit sharing by age Average profit sharing by gender 20 to 35 old 36 to 50 old 51 to 65 old Over 65 old Male Female $20,571 $80,409 $69,596 $67,500 $72,032 $66,500 Average profit sharing by current ABPS & ankle $81,523 $61,542 $45,136 $22,714 $78,750 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 5 of 9

6 Average profit sharing by spent in residency Have you performed a surgical fellowship? Less than 1 year 1 year Yes No $39,000 $83,722 $83,128 $52,171 $50,000 $68,231 $72,081 Average profit sharing by practicing in field or specialty 1 to 2 3 to 5 6 to to to or more $18,250 $91,000 $59,278 $76,854 $67,000 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 6 of 9

7 Cash Bonuses Sample size In addition to base salary, do you regularly receive any cash bonuses? Yes % No % Not eligible % Total 498 % If you received a cash bonus(es) in 2011, what is the total amount of the cash bonus(es) you received for the year? Average (174 respondents provided info) $52, th Percentile (25% of all respondents) $15, th Percentile (50% of all respondents- Median value) $30, th Percentile (75% of all respondents) $60, average cash bonus by age 2011 average cash bonus by gender 20 to 35 old 36 to 50 old 51 to 65 old Over 65 old Male Female $35,375 $58,156 $53,367 $45,625 $55,099 $40,339 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 7 of 9

8 2011 average cash bonus by current ABPS status & ankle $58,755 $65,474 $63,353 $33,329 $38, average cash bonus by spent in residency Have you performed a surgical fellowship? Less than 1 year 1 year Yes No $65,000 $57,212 $55,280 $50,071 $37,333 $57,219 $51, average cash bonus by practicing in field or specialty 1 to 2 3 to 5 6 to to to or more $30,091 $37,196 $47,216 $63,286 $51,475 $73,857 ACFAS Compensation and Benefit Survey Results Spring 2012 Page 8 of 9

9 Non-cash compensation/benefits Sample size 2012 Survey In addition to your base salary, which of the following non-cash compensation do you receive? (Check all that apply.) Medical Insurance % Dental Insurance % Short-term Disability Insurance % Long-term Disability Insurance % Paid holidays (avg.: 12.7 days) % Employer Contribution 401(k) Plan % Employer Funded Retirement Plan % Stock Options % Education Reimbursement % Other % Total particpants (some selected more than one choice) % 2012 Survey Sample size % Which of the following benefits are included in your benefits package? (Check all that apply.) CME % Professional dues allowance % Malpractice insurance % Home loans and relocation program % Car allowance % Share holder track agreement 0 0.0% Additional compensation for specific increase in patient volume % IRA % Other % Total particpants (some selected more than one choice) ACFAS Compensation and Benefit Survey Results Spring 2012 Page 9 of 9