The Medical Group Management Association analyzed physician pay data in its 2018 MGMA DataDive Provider Compensation report.
MGMA based its report on a survey of more than 136,000 physicians at more than 5,800 organizations.
Here's what you should know.
1. Over the last five years, primary care physician compensation rose by more than 10 percent, while specialty physician compensation rose around 3.33 percent.
2. MGMA attributes the increasing pay to a "worsening" shortage of primary care physicians in America.
3. When further analyzed, family medicine physicians had the highest pay increase at 12 percent. Although compensation is rising, primary care workload remains consistent.
4. To combat the shortage, practices are generously handing out bonuses to attract and retain primary care physicians.
5. The physician shortage claims are supported when looking at nurse practitioner and primary care physician assistant compensation. Nurse practitioners had the highest pay increase at nearly 30 percent, while primary care physician assistants trailed close behind at a 25 percent increase.
6. Median primary care physician compensation varied greatly by state and territory. Washington, D.C., paid them the lowest at $205,776, while Nevada paid the most at $309,431.
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