Physician Compensation in Academic Practice Trails Private Practice: MGMA Survey

Compensation for primary care and specialty care physician groups in academic practice increased 2.93 percent and 2.43 percent respectively in 2009, according to a new MGMA survey.

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Primary-care physicians reported compensation of $158,218, according to the survey Academic Practice Compensation and Production Survey for Faculty and Management: 2010 Report Based on 2009 Data, while specialists reported compensation of $238,587. These amounts were less than what is reported in private practice, according to an MGMA press release.

Between 2008 and 2009, compensation for internists increased 4.46 percent; compensation for family practitioners rose 0.42 percent; compensation for cardiologists increased 7.29 percent; neurologists’ compensation decreased 2.52 percent; and ophthalmologists’ compensation rose 9.35 percent, according to the survey.

Geography plays a role in compensation increases, with the greatest increases among primary care physicians’ compensation occurring in the Midwest, at 6.75 percent.

Source: MGMA

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