How Much Should You Pay Medical Staff?

Medical staff remuneration is as sensitive as the profession itself. For instance, obtaining a practicing certificate takes several years and a lot of resources. Deciding how much the staff should earn has underlying considerations you must evaluate before placing a figure on the payroll system.

In addition, the medical profession relies on physician assistants (PAs) to provide services in health care. It's also a factor that can determine remuneration in the medical profession. However, some medical practitioner societies advocate for the ideal payment of health workers. The mean base salary for part-time PAs is $78,000 in different countries and health centers. But it all depends on their experience, location, and area of specialization.

This article will examine what influences pay in the medical industry and how much medical professionals can earn.

1. Job Description

The medical fraternity has several underlying job descriptions that can affect how much people earn. The tasks they perform and service hours are also crucial considerations when creating a payroll.

For instance, PAs can work directly with patients and treat minor illnesses. It's easy to pay them as doctors if you're unfamiliar with medical staff job descriptions. It's recommended to define their job description and refer to the advice of medical organizations and professionals regarding remuneration in your country.

2. Terms of Employment

Medical professionals typically work in shifts to provide consistent patient service is crucial. You can stagger working hours depending on the staff availability and the level of medical assistance needed. Besides shift planning, you must consider overtime payment because the nature of work is unpredictable. For instance, you can use a 1.5 times per hour rate to add to the payroll for your medical personnel.

You must also factor in the types of contracts, such as full- or part-time. It can affect the pay you provide to your medical team. Remember, PAs have different specializations that can attract more compensation than others. Look at the medical practitioner's payment guide to decide how much you can give as salaries.

3. Medical Staff Salary Range and Benefits

The medical practitioners' earnings range from $80,000 and $200,000 annually. But it depends on the underlying factors mentioned at the beginning. It may also include benefits, such as personal insurance and savings for retirement. Other factors that can influence the salaries given in the medical field are research and specialization in treating various illnesses.

Medical staff may be entitled to employment benefits that can also affect their pay. It follows the fair labor regulations that you must meet as an employer. The pay slip deductions should show where their hard-earned cash goes. You must also include overtime if it applies to your health institution.

4. Location of the Health Facility

Although there's no hard-and-fast rule regarding the location of medical facilities, it can significantly impact staff pay. Health centers in remote areas can be more difficult for workers to access, leading to employee shortages or higher wage bills.

5. Medical Staff Education

Medical practice is changing as technology in treatment continues to evolve in healthcare. It means the medical personnel has consistent training and development to integrate the technology-based treatment. It puts a premium on the area of specialization. But you can also consult the fair labor office and the medical practitioners' board for guidance on payment.

6. Type of Facility

The type of facility also influences how much medical professionals should be paid. For instance, you can expect heart centers to hire cardiologists mainly. However, other health specialists can also serve in the facility. But the payment for cardiologists will have more premium.

7. Years of Experience

Experience is a primary factor for earnings due to the sensitive nature of the duties and responsibilities of your medical staff. Thus, the years of experience plus specialization will add weight to the remuneration of your medical staff.

8. Pay Equity

Pay equity is the principle that individuals who perform similar work should receive comparable pay, regardless of race, gender, religion, or personal characteristics. It’s important to ensure that equivalent roles in the organization receive equal pay. It helps to maintain a balance among colleagues as they work toward a common goal. The compensation should also be competitive compared to other medical institutions' remuneration.

Pay equity also covers gender considerations, and the human resource manager needs to be mindful of it. There shouldn't be gaps in the payroll if the jobs involve different genders and they're comparable.

9. Retirement

Medical practice is a lifetime venture, and people in that industry remain productive into their sunset years. The retirement age on paper can be 60 years, but they can still contribute to development in the healthcare industry. You can consider including the retirement package in the payroll as an incentive to work for longer.

Final Thoughts

Pay in the medical industry varies due to underlying considerations such as specialization, education, and experience. The range you can give is $80,000 to $200,000. But remuneration also depends on several factors like the health organization setup, the medical board regulations, the country, and the fair labor standards.