Amount Paid to Relocate (Also referred to as: Relocation Expenses)
Provider Placement Starting Salary Data Set
The dollar value that the provider received in his or her contract for expenses associated with relocation.
Annualized Compensation
Medical Directorship Data Set
The total compensation for medical directorship duties expected for the fiscal year. This figure is only for medical directorship duties and the hourly, monthly, weekly, etc. rates are annualized to represent a full 12-month period.
Base Compensation
Academic Compensation Data Set
The amount paid as routine or regular compensation, regardless of the provider’s funding sources or productivity. This amount is guaranteed by the hospital, practice, medical school, practice plan, or Veterans Administration to the provider.
Not included:
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Incentive payments, honoraria, bonuses, profit-sharing distributions, expense reimbursements, fringe benefits paid by the medical school or department such as life and health insurance, retirement plan contributions, automobile allowances, or any employer contributions to 401(k), 403(b), or Keogh Plan.
Base Salary Plus Incentive:
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Payment of a guaranteed base salary along with an incentive component that must be earned. The incentive is awarded based on one or more criteria such as individual production, performance, or patient satisfaction.
Bonus/Incentive:
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The total dollar amount for any bonus or incentive payments received by each provider. It is important to understand that any bonus or incentive dollar amounts are NOT included as percentages of overall productivity. The amount listed as a bonus/incentive is included in the "Total Compensation" amount.
Compensation per On-Call Coverage Method
On-Call Data Set
On-call is the scheduled state of availability to return to duty, work ready, within a specified period of time. This is the amount compensated per provider, per the method that the provider made for taking call. Perform a blend if different rates are paid at the practice, hospitals, or for different days, excluding holiday or weekend pay in the blend. For example, if the provider is compensated $600 at the practice and $700 at the hospital, $650 is reported as the on-call compensation.
Directorship Compensation per Method
Medical Directorship Data Set
The amount the provider is compensated per the method for directorship duties.
Guaranteed Compensation
Provider Placement Starting Salary Data Set
The first-year guaranteed contract dollar amount.
Not included:
-
The dollar value of a signing bonus and other dollar amounts received through a bonus system such as production-based bonuses; or
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The dollar value of expense reimbursements, fringe benefits paid by the medical practice such as retirement plan contributions, life and health insurance or automobile allowances or any employer contributions to a 401(k), 403(b) or Keogh Plan.
Holiday On-Call Compensation Amount (per day)
On-Call Data Set
The amount compensated per day for holiday on-call coverage, even if the holiday on-call compensation is part of the provider's overall compensation.
Retirement Benefits
Custom Reports and Tools
All employer contributions to retirement plans including defined benefit and contribution plans, 401(k), 403(b) and Keogh Plans, and any nonqualified funded retirement plan.
Not included:
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Employer contributions to social security mandated by the Federal Insurance Contributions Act (FICA);
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Voluntary employee contributions that are an allocation of salary to a 401(k), 403(b), or Keogh Plan; or
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The dollar value of any other fringe benefits paid by the practice, such as life and health insurance or automobile allowances.
Total Compensation (Also referred to as: Total cash compensation (TCC), compensation, salary
The amount reported as direct compensation on a W2, 1099, or K1 (for partnerships) plus all voluntary
salary reductions such as 401(k), 403(b), Section 125 Tax Savings Plan, and Medical Savings Plan. The amount includes salary, bonus and/or incentive payments, research stipends, honoraria, and distribution of profits. However, it does not include the dollar value of expense reimbursements; fringe benefits paid by the medical practice such as retirement plan contributions; life and health insurance; automobile allowances; or any employer contributions to a 401(k), 403(b), or Keogh Plan.
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For C corporations (under United States federal income tax law, this refers to any corporation that is taxed separately from its owners), the dollar amount reported as direct compensation in Box 5 (Medicare wages and tips) from the provider’s W2.
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Included:
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Total Medicare wages – this includes On-Call compensation;
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On-Call compensation – included in total Medicare wages;
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Employee contributions:
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401K/retirement;
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Health insurance;
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Life insurance; and
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Other pre-taxed deductions.
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Not included:
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Expense reimbursements;
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Fringe benefits paid by the medical practice;
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Flex spending accounts (FSA);
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Employer contributions:
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401k/retirement;
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Health insurance;
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Life insurance; or
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Other employer contributions.
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For partnerships (or LLCs that file as a partnership) the dollar amount reported as direct compensation in Box 1 plus Box 4 minus Box 12 minus Box 13 from the provider’s K-1 form 1065.
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Included:
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In box 13: Codes A through W (this includes 401K)
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For S corporations (or LLCs that file as an S corporation) the dollar amount reported as direct compensation in Box 5 (Medicare wages and tips) from the provider’s W-2 PLUS Box1 minus Box 11 minus Box 12 from the provider’s K-1 form 1120S (combine amounts from both forms)
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Included:
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In box 12: Codes A through S (this includes 401K)
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Standardized (Benchmarks Standardized To 100% Billable Clinical Activity)
Academic Compensation Data Set
Benchmarks reported for providers who have less than 100% billable clinical activity are standardized to 100% billable clinical. For example, if a provider is indicated as 50% billable clinical with 1,000 work RVUs, their billable clinical percentage is multiplied by 2 to standardize to 100% (50%*2 = 100%), and the same multiplier is used for their work RVUs (1,000*2 = 2,000).
Note: Unless specified as Standardized (Std) or otherwise, all academic productivity benchmarks reported are for providers with more than 67% billable clinical activity.