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MGMA Reports Physicians Experiencing Nominal Pay Increases
09/25/2006
MGMA's physician compensation survey report is one of the most respected benchmarking reports in the industry due to its level of detail, its 19-year history and the rigorous in-house data validation and analysis MGMA devotes to each survey. This year's report represents data submitted by 1,851 practices that provided information for 44,388 providers -- the largest responding physician population of any physician compensation survey report in the Median compensation for all MGMA primary care physicians rose 3.89 percent, comparable with the previous year's increase of 3.13 percent. Specialists reported slightly higher compensation gains, with a 6.61 percent overall increase. Primary care physicians reported a 6.76 percent increase in production (gross charges) in 2005, with pediatricians increasing production by nearly 11 percent. Specialists reported similar increases - 6.54 percent overall - with anesthesiologists and emergency medicine physicians reporting significant increases in production; 18.78 and 17.46 percent respectively. "Physicians are facing an increasingly unsustainable economic environment, and it shows in their compensation," said William F. Jessee, MD, FACMPE, president and CEO of the MGMA. "Physicians can only see so many patients until we risk deterioration in patient care and satisfaction. We are growing more concerned that primary care has become an undesirable choice for new physicians. As residency slots in primary care go unfilled, practices are pressed to ensure that primary care physicians' compensation reflects the important work they do." Among specialists, urologists experienced flat compensation with a slight increase of .19 percent over last year, when they reported an almost 3 percent decrease in compensation. Similarly, pulmonary medicine physicians and neurologists reported modest compensation increases (1.58 and 2.42 percent respectively). Anesthesiologists, invasive cardiologists and emergency room physicians fared better, according to the report. Source: MGMA
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