National staffing firm, Jackson & Coker, has released its 2014 Physician Salary Calculator—a free tool that gives employers, recruiters, and physicians quick access to the return on investment each major physician specialty offers.
The current version of the firm’s physician salary calculator is developed through collaborations with outside, independent research organizations that analyze data compiled from a variety of published sources.
For the majority of medical specialties, the calculator shares hourly and annual compensation averages, revenue, population count, and estimated contribution to operations.
“Our calculator helps hospital executives, professional physician recruiters, and group practice managers see how a primary care physician or specialist’s compensation ties to their impact on the operations and revenue of the hospital,” says Sandra Garrett, president of Jackson & Coker, in a release. “Physicians use the tool to validate their contributions and compensation.”
The tool is available in online and printed, slide rule versions.
According to Garrett, the online version of the salary tool lets hospital administrators and group practice managers calculate the revenue contribution of permanent and hourly physicians in major specialties. The slide rule version of the tool includes numbers of doctors providing patient care in a given specialty, in addition to statistics such as board certifications, international medical graduates, physicians nearing retirement, and current medical residents.
To access the online version of Jackson & Coker’s physician salary calculator, visit www.jacksoncoker.com/static/employer/salary-calculator.