REPORT: 2015 Cardiovascular Provider Compensation

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REPORT:

2015 Cardiovascular Provider Compensation and Production Survey

FORWARD

A Wealth of Information

By Joel Sauer

MedAxiom is proud to be publishing its 3rd annual Cardiovascular Provider Compensation & Production Survey. These data, obtained from our vast cardiovascular membership, provide invaluable peer comparisons to programs trying to manage themselves at peak performance--more and more a prerequisite for success in the tightening economics of healthcare.

Joel Sauer

VICE PRESIDENT

MEDAXIOM CONSULTING

With each iteration of our publication MedAxiom attempts to refine and expand the data available, and this year's survey is no exception. For the

first time this survey contains valuable data for non-clinical compensation,

including administrative (leadership) positions, medical directorships and at-risk incentive

compensation. This information provides critical insight into value-oriented compensation for

our fair market valuators, allowing programs to better align provider compensation with the

new value economy.

Additionally, MedAxiom added a structural heart (TAVR) filter to its database, allowing direct comparisons between programs with and without these services. This granularity gives a more accurate peer assessment for important measures like diagnostic testing patterns, work and compensation.

Pushed in large part by Medicare's rapid transition from volume-based reimbursement to one tied inextricably to value (quality, cost, service), healthcare as an industry is changing at an unprecedented pace. At MedAxiom, we believe data sharing and peer-to-peer networking provide the most powerful means for advancing cardiovascular programs nationally. Our sole focus on the cardiovascular segment allows us to get extremely deep and detailed into that world, providing our members with a wealth of useful and relevant metrics. This publication is just one example of this powerful network.

MEDAXIOM CARDIOVASCULAR PROVIDER COMPENSATION & PRODUCTION SURVEY ? 2015

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CONTENTS

Contents

Forward ................................................................................................................. 3 Survey Highlights & Insights.................................................................................. 7 1. Aligning Economics with Value: The New CVSL Imperative ............................. 9 2. Overview of the Report .................................................................................. 14 3. Survey Results ? Cardiology ........................................................................... 16

Ownership Comparisons ................................................................................ 16 Subspecialty Breakdowns............................................................................... 18 Changes by Geography ................................................................................. 19 Key Volumes & Ratios..................................................................................... 20 Panel Size ....................................................................................................... 23 Structural Heart Comparisons ........................................................................ 24 4. Survey Results ? Surgery ................................................................................ 25 5. Survey Results ? Non-Clinical Compensation................................................. 27 6. Delivering High Quality, Low Cost Care: The Growing Role of .................... 28 Advanced Practice Providers and Care Teams Cardiology Tables................................................................................................ 36 Surgery Tables ..................................................................................................... 38 Non-Clinical Compensation Tables ..................................................................... 40 APP Tables........................................................................................................... 41

MEDAXIOM CARDIOVASCULAR PROVIDER COMPENSATION & PRODUCTION SURVEY ? 2015

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