MGMA survey: Physician compensation includes quality and patient satisfaction components
Association reports on new measures and their ties to physician compensation plans for the first time
Englewood, Colo. June 12, 2013 — Quality measures appear to be a small yet emerging component of total compensation for physicians. According to the MGMA Physician Compensation and Production Survey: 2013 Report Based on 2012 Data, primary care physicians reported that 3 percent of their total compensation was based upon measures of quality. Specialists reported that 2 percent of their total compensation was based upon quality metrics. For the first time in a national survey of this size, MGMA has gathered and reported data within the Physician Compensation Report regarding quality and patient satisfaction metrics. Though these percentages are small, the Association has identified this trend and expects that physician compensation will increasingly be tied to these metrics as reimbursement aligns more closely with quality and cost measures.
Physicians responding to the MGMA survey also reported that patient satisfaction played a small role in their compensation, likely a result of the industry’s shift toward patient-centered care.
“Quality and patient satisfaction metrics are not yet dominant components of physician compensation plans right now, however, as reimbursement models continue to shift, the small changes we’ve observed recently will gain momentum,” explained Susan L. Turney, MD, MS, FACMPE, FACP, MGMA president and CEO. “It’s encouraging to see physician practices invested in patient-centered care and continuing to seek ways to better incorporate quality and experience into compensation methodologies.”
The report also indicated that median compensation for physicians fluctuated by specialty. Primary care physicians reported $216,462 in median compensation, and specialists reported $388,199 in median compensation (both figures have been adjusted for inflation).
For more than 25 years, the MGMA Physician Compensation and Production Survey Report has been the most respected benchmarking report in the industry. It offers detailed information, rigorous in-house data validation and analysis. This year's report 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, including demographic categories ranging from geographic region and practice setting (in small, medium, and large groups) to years in specialty and majority ownership.
The information is available on DataDive, an easy-to-use Web-based format that allows users to access and drill down data for analysis as well as a printed report.
Additional physician compensation resources for physicians and medical practice professionals:
MGMA 2013 Annual Conference, Oct 6-9, San Diego. Register to attend.
MGMA will host the Virtual Benchmarking Academy in June, 2013.
The Association developed the Physician Compensation Decision Pathways Tool, which helps practices create physician compensation plans.
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.
Contact Liz Boten, media relations representative, at email@example.com to request data or information about the survey. Click here to purchase a copy of the report.
MGMA is the premier association for professional administrators and leaders of medical group practices. In 2011, members of the Medical Group Management Association (MGMA), and its standard-setting division, the American College of Medical Practice Executives (ACMPE), voted to merge to form a new association. Since 1926, the Association has delivered networking, professional education and resources, political advocacy and certification for medical practice professionals. The Association represents 22,500 members who lead 13,200 organizations nationwide in which some 280,000 physicians provide more than 40 percent of the healthcare services delivered in the United States.
MGMA’s mission is to continually improve the performance of medical group practice professionals and the organizations they represent, helping medical practices provide efficient, safe, patient-focused and affordable care. MGMA is headquartered in Englewood, Colo., and maintains a government affairs office in Washington, D.C. Please visit mgma.com.