MGMA, ACMPE members earn more
Survey report finds practice management salaries remain static overall, but Association members have the edge.
Although compensation for practice management professionals remained static in the past year, MGMA or ACMPE members earned more than nonmembers, according to the MGMA Management Compensation Survey: 2010 Report Based on 2009 Data.
Executive managers identified as MGMA members reported greater median compensation than nonmember executives, as did senior managers and office managers who held MGMA memberships. Compared to their counterparts without an MGMA membership:
- Office managers with an MGMA membership earned $13,272 more per year
- Finance directors with MGMA memberships earned $942 more per year
"It remains clear that those who strive to advance their careers through their professional affiliations with organizations such as MGMA and ACMPE have tools and educational resources that makes them especially valuable in the workplace," said William F. Jessee, MD, FACMPE, MGMA president and CEO.
When affiliated with the American College of Medical Practice Executives (ACMPE), the certification and standard-setting body of MGMA, several managerial positions enjoyed increased compensation:
- ACMPE-affiliated administrators (in practices with 7 to 25 FTE physicians and 26 or more FTE physicians) earned 21.2 percent and 24.6 percent more than their counterparts who were not affiliated with ACMPE.
- CFOs experienced the greatest compensation boost based on ACMPE affiliation, earning $59,328 more than their unaffiliated counterparts.
Effects of the economy
The MGMA survey report also indicates that clinical integration and healthcare complexity boosted salaries for certain medical practice management professionals in 2009. However, the economy led to more modest raises (and even a few declines) for a number of other management positions.
See which positions experienced pay hikes and which didn't
Note: MGMA surveys depend on voluntary participation and may not be representative of the industry. Readers are urged to review the entire survey report when making conclusions regarding trends or other observations.