Specialty care physicians in academic settings report an increase in compensation for more time spent in billable clinical activity, whereas primary care physicians report a decrease in compensation when billable clinical activities increase, according to the "MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data," released by the Medical Group Management Association.
The survey includes responses from MGMA members and non-members in academic practice settings. It includes responses from 616 groups, 20,876 providers and 1,996 managers.
Here are four key findings from the report:
• Specialty care physicians report 29 percent higher pay when a majority of their time is spent in billable clinical activity whereas primary care physicians report a 4 percent decrease in the same situation.
• Specialty care physicians' report that their median total compensation is $267,957, which is 52 percent higher than the median total pay of $176,525 that their primary care counterparts report.
• Department chairs in specialty care report a median total compensation of $530,668, which is 70 percent higher that the median total compensation of $312,700 that primary care department chairs report.
• Surgical departments report 1.41 more total FTE support staff per FTE physician than nonsurgical departments.
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