Highlights of the 2013 Physician Compensation Survey Report
Patient-centered care and quality measures were noted for the first time in the industry’s largest compensation report for providers in the country. Key findings in the MGMA Physician Compensation and Production Survey: 2013 Report Based on 2012 Data include the percentage of salary and compensation that is dependent on patient satisfaction and the number of providers who must meet quality metrics set by payers to earn their full compensation.
Compensation changes for specialists
Specialists reported a 3 percent change in overall compensation — $384,467 to $396,233 — from 2011 to 2012, according to the new report.
Determining panel size intrinsic to patient-centered care
By examining your practice’s and providers’ panel size, you may be better able to optimize your patients’ access to care and manage your providers’ workload. For example, Association research from 2012 showed that panels that are too large in relation to the number of providers in your practice may cause poor access to care as too many patients try to book too few appointments, according to the MGMA Patient-Centered Care: 2012 Status and Prospects Report.
This year’s physician compensation and production report shows that primary care physicians in single-specialty practices reported a median panel size of 1,701 while their peers in multispecialty practices reported a panel size of 1,445.
Learn more about defining your medical practice’s patient panels.
Patient satisfaction and quality play small roles in physician compensation
While the industry continues to shift towards patient-centered care, practice managers continue to seek innovative ways to design compensation models that include patient satisfaction and quality metrics, according to the report.
“As more insurance payers and the federal government incorporate payment for meeting quality standards, it would be the appropriate incentive for an organization to incorporate similar metrics into their physician compensation system,” says Dave Gans, MSHA, FACMPE, senior fellow, MGMA Industry Affairs.
Primary care physicians reported that 2 percent of their total salary was dependent on patient satisfaction vs. up to 1 percent of salary for specialists, according to this year’s data.
Similarly, primary care physicians reported that 3 percent of their total compensation was based on quality measures while specialty physicians indicated that 2 percent of their compensation relies on the ability to meet these measures. As reimbursement aligns more closely with value (defined by quality and cost measures), MGMA Data Solutions experts expect this to percentage to continue to rise.
About the report
The MGMA Physician Compensation and Production Survey: 2013 Report Based on 2012 Data provides data on more than 60,100 providers – the largest provider population of any physician compensation survey in the United States. The 2013 report includes data for physicians and nonphysician providers in more than 170 specialties. The data includes:
- Demographic categories (geographic region, practice setting and size)
- Years in specialty
- Majority ownership
- Various performance ratios illustrating the relationship between compensation and production
We offer web-based and printed versions of the survey report. If you participated in the survey, your data will be pre-populated in the web-based version after you purchase it.