NORWALK, Conn., May 1, 2014 /PRNewswire/ -- UBM Medica US announces that Physicians Practice, the leading online community for physicians and practice management professionals, presents results from its annual Staff Salary Survey. In what seems to be a slow-evolving economic recovery and myriad new mandates from the Affordable Care Act, medical practices nationwide have readjusted and reevaluated their staffing levels. That often means new roles for current employees, accompanied by more tasks, but not necessarily an increase in salary. So how do medical practices retain quality employees without being able to offer financial incentives?
Appearing online and in the May 2014 issue of Physicians Practice, the report examines ways medical practices can maximize staff roles and responsibilities while rewarding them for excellence outside of traditional raises.
The annual Staff Salary Survey explores national and regional salary data for 10 key medical practice staff functions, including front-desk staff, medical assistants, physician assistants, and medical billers; providing practices with benchmarks to see if their employee pay rates match what their peers are compensating their staff.
While salary numbers fluctuated up or down depending on responsibility, one thing was apparent by nearly two-thirds of this year's respondents, representing nearly 1,400 medical practices nationwide: There won't be extra pay for those on staff this year.
According to the 2014 Staff Salary Survey, 71 percent said they don't plan to give raises — beyond cost of living increases — this year. Why?
- 58 percent said decreasing reimbursements by payers and patients
- 16 percent said other medical practice necessities
- 13 percent cited the national economic climate
- 4 percent said IT investments for their practices
So without pay raises in sight, it's more important than ever that medical practices find ways to retain the quality employees they have for today's challenges and those ahead. Physicians Practice's practice management experts offer tips on considering part-time staffing, rewarding effort and dedication, and providing training and even incentive bonuses as ways to keep your staff happy, motivated, and united in the goal of quality patient care.
"Doing more with less is no foreign concept to those who own and operate private medical practices, but the national healthcare climate is presenting new obstacles," said Keith L. Martin, group editorial director for Physicians Practice. "To appropriately address the various mandates, engage a more tech-savvy patient base, and maximize revenue, practices will need to not only recruit — but cleverly retain — quality employees outside of traditional pay raises. While money is the most obvious, it's not the only incentive physicians and practice administrators can use to recognize the hard work of their staff."
About UBM Medica US
Addressing today's healthcare information needs, UBM Medica US, delivers strategic, integrated communications solutions and comprehensive reach -- online, in print, via custom programs and live events. Improving the effectiveness of healthcare through information and education, UBM Medica US provides unbiased clinical, practical, and business information for physicians, providers and payers resulting in improved quality of care for patients around the world. Through journals, magazines, online communities, live and digital events, and other valuable resources, UBM Medica US also delivers comprehensive communication solutions for the pharmaceutical and related industries. Online communities include CancerNetwork.com, ConsultantLive.com, DiagnosticImaging.com, RheumatologyNetwork.com, OBGYN.net, PhysiciansPractice.com, PsychiatricTimes.com and SearchMedica.com. UBM Medica US is part of UBM Connect which, through a range of aligned interactive environments, both physical and digital – increases business effectiveness for both customers and audiences through meaningful experiences, knowledge and connections. Headquartered in New York, UBM Connect brings together UBM's healthcare business, UBM Medica US; UBM Canon's advanced design and manufacturing event, online and print brands; UBM Connect New York's catering, cruise shipping, customer management, and fine, specialty and custom chemical communities; and UBM Mexico's concrete show. For more information, visit www.UBMMedicaUS.com.
About UBM plc
UBM plc is a global events-led marketing services and communications company. We help businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Our 5,500 staff in more than 30 countries are organized into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
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Jason J. Golden
Content Marketing Manager
SOURCE UBM Medica US