Primary care physicians outpace specialists in 2014, according to MGMA Provider Compensation Report
Annual report helps groups attract and retain physicians, evaluates benefits, and performance measurements.
Englewood, Colo. July 23, 2015— Today, the Medical Group Management Association (MGMA), the leading organization for healthcare administration management and medical practice managers, released findings from the 2015 Provider Compensation Survey Report, an annual analysis of compensation and productivity data aimed to illustrate market characteristics for providers in all specialties and organizational settings. For more than 25 years, the MGMA Provider Compensation Survey Report has been the most respected benchmarking report in the industry. The report provides comparative data on nearly 70,000 providers – the most representative sample of any physician compensation survey in the United States.
This year’s findings show physicians reported salary increases over the past year. Primary care physicians reported a median compensation of $241,273, a 3.56 % increase since 2013. Median compensation for specialists rose to $411,852, a 2.39% increase since last year.
“As medicine migrates toward a value-based paradigm, we've began to see movement away from pure productivity-based compensation models. We hope to see physicians salaries remain healthy throughout this transition,” said Halee Fischer-Wright, MD, MMM, FAAP, CMPE, President and CEO of MGMA. “With the release of this data, MGMA provides executives, administrators and physicians the resources they need to help their medical practices flourish. Using this data, physicians and medical practices have the opportunity to put patient relationships back into the practice of medicine and get paid for it.”
The MGMA Provider Compensation Survey Report offers detailed information, rigorous in-house data validation and analysis. The 2015 report includes data for physicians and non-physician providers in more than 170 specialties. Demographic categories ranging from geographic region and practice setting (in small, medium and large groups) to years in specialty and majority ownership are also highlighted in the findings. The report is available on DataDive, an easy-to-use Web-based format that allows users to access and drill down data for analysis.
MGMA (Medical Group Management Association) and its 50 state affiliates comprise more than 33,000 administrators and executives in 18,000 healthcare organizations in which 385,000 physicians practice. MGMA represents physician groups of all sizes, types, structures and specialties, and has members in every major healthcare system in the nation. MGMA is headquartered in Englewood, Colo., with a Government Affairs office in Washington.