NEARLY 70% OF hospitalists said that bonuses and incentives play a part in their compensation, but in varying degrees, according to the 2022 Today’s Hospitalist Compensation & Career Survey. A look at our data reveals some significant differences in hospitalist bonuses and incentives.
Full-time pediatric hospitalists earned an average of $29,637 from bonuses and incentives. Full-time adult hospitalists, on the other hand, reported an average of $43,900 from bonuses and incentives.
We found even more dramatic differences in bonus amounts according to patients per shift, with higher patient volumes being rewarded with larger bonuses. Hospitalists seeing 21 or more patients per shift reported receiving $80,143 (20.5% of their pay) in bonuses/incentives, for example, while those seeing 10 to 14 patients per shift received an average bonus of $33,402 (11%).
Hospitalists treating between 15 and 17 patients per shift earned 13.3% of their pay via bonuses and incentives ($40,806), while those treating 18 to 20 patients per shift reported earning $41,269 (or 12.5% of pay) in bonus and incentive pay.
Nonacademic hospitalists treating adults reported earning 13.3% of their income ($44,564 on average) in bonuses and incentives, while academic hospitalists said bonuses and incentives made up 10.5% of their pay ($28,458). Program directors reported the highest percentage of their earnings in bonus and incentive pay: 15.8% ($51,857).
10 YEARS AGO, this is what bonuses and incentives looked like for those in hospital medicine.
ICU work is another factor that boosts bonus and incentive pay. Hospitalists working in the ICU as attendings received nearly 15% of their salary in bonuses and incentives ($55,076). Hospitalists who work in the ICU but not as attendings earned about 13% ($40,274) of their total income in bonuses and incentives. Hospitalists who do not work in the ICU at all received 12.5% of their pay in bonuses and incentives ($34,557).
Hospitalists in the Southwest led the pack with bonuses of $44,609 (16.6% of their pay). Hospitalists in the Midwest earned bonuses of $47,897 (14.6% of their pay), and hospitalists in the South earned bonuses of $51,933 (14.5% of their pay)
Hospitalists in the Pacific region said their bonuses and incentives averaged about $38,174 (11.4% of their pay), while hospitalists in the Northeast reported earning $31,536 in bonus and incentive pay (11.3% of their pay).
On the high end, hospitalists working for multispecialty/primary care groups and hospitals or hospital corporations reported earning about $47,000 in bonuses and incentives (15.7% of their pay). On the other end of the spectrum, hospitalists working at universities and medical schools saw the smallest bonus amounts ($33,090 or 13.1% of their pay), while those working for local hospitalist groups reported lower than average bonus and incentive pay ($39,955 or 11.5% of their pay). National hospitalist management companies fell in the middle with bonus and incentive pay averaging $43,781, or 14.6% of pay.
Male hospitalists earned about $10,000 more in bonus and incentive pay than their female counterparts. Men reported earning $46,554 (13.8% of their pay) in bonus and incentive pay, while women reported earning $36,901 (12.4% of their pay) in bonus and incentive pay
Want to know more? An executive summary of hospitalist survey results is available for purchase here.
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