Data on compensation need clarity.You published data recently showing compensation for psychiatrists This list includes notable psychiatrists. Individuals listed below are all physicians, and are board certified by the American Board of Psychiatry and Neurology, or are members of the American Psychiatric Association, or the Royal College of Psychiatrists in the United Kingdom, or , but I am puzzled about what these figures mean ("Median Compensation for Psychiatrists," Vital Signs, October 2007, p. 1). Are the amounts gross receipts the total of the receipts, before they are diminished by any deduction, as for expenses; - distinguished from net profits. - Bouvier. See under Gross, a. os> See also: Gross Receipt , or do they represent take-home money after office expenses? Or do the amounts represent direct compensation, including/excluding benefits, to salaried psychiatrists? Overhead usually consumes 30%-40% of what I collect in my private practice of child and adolescent psychiatry A branch of psychiatry that specialises in work with children, teenagers, and their families. History An important antecedent to the specialty of child psychiatry was the social recognition of childhood as a special phase of life with its own developmental stages, starting with . Your financial information would be more helpful if compensation figures were more clearly described. Clarifying that would make your information and articles more helpful. Dirk E. Huttenbach, M.D. Smyrna, Ga. Editor's note: The Physician Compensation and Production survey defines total compensation as 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 should include salaries, bonuses and/or incentive payments, research stipends, honoraria, and distribution of profits. However, it does not include the dollar value of expense reimbursements, fringe benefits fringe benefits, n.pl the benefits, other than wages or salary, provided by an employer for employees (e.g., health insurance, vacation time, disability income). 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 Plans. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion