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.
More Articles on Practice Management:
Team-Based Pre-Procedural Pause Makes For Near-Perfect Checklist Completion
Medical Practice Marketing: 5 Common Mistakes
7 Statistics on Number of Patients Physicians See Per Day
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
