SAVE | EMAIL | PRINT | MOST POPULAR |  RSS | | REPRINT
|
Survey Shows Fewer Doctors Getting Big Annual Raises
September 18, 2009
According to findings in the American Medical Group Association's 2009 Medical Group Compensation and Financial Survey, most specialties saw very modest increases in compensation in 2008, and many provider organizations continue to operate at a significant loss.
The survey found that 81 percent of the specialties experienced increases in compensation in 2008, with the overall average increase around 3.5 percent, versus 91 percent experiencing an average increase around 3.5 percent in 2007. The primary care specialties (excluding hospitalists) saw about a 3.8 percent increase in 2008, while other medical and surgical specialties averaged around 6 percent. (The primary care specialties saw about a 3.2 percent increase in 2007, while other medical and surgical specialties averaged 3.7 percent).
The survey reports that during 2008, the specialties experiencing the largest increases in compensation were otolaryngology (8.63%), pathology (11.02%), and urgent care (7.33%). For access to further details and to obtain full report, visit AMGA's website.
"The survey indicates that compensation continues to fluctuate only marginally for most specialties," says Donald Fisher, president and CEO of the AMGA. "The modest increases seen this year reflect the negative impact of declining reimbursements, competition for specialists, the cost of new technology, and other factors on practice revenues in most parts of the country."
The section of the survey that examines financial operations found that medical groups in most regions continued to operate at a loss. In 2008, only organizations in the Eastern region were operating at break even. Organizations in the Southern region, which experienced significant losses in 2007 (median -$1,919 per physician), saw improvements, though they continued to operate as a loss (-$120 per physician). Groups in the Northern region also continued to experience losses (-$3,254 per physician), despite improved performance since the region recorded -$5,322 per physician in 2007. For the first time in five years, groups in the Western region reported they were operating at a loss (-$1,458 per physician), after being profitable in 2007 ($4,453 per physician).
The AMGA 2009 Medical Group Compensation and Financial Survey gives a complete financial picture of medical group operations in one volume, providing compensation, productivity, and financial operations data from approximately 44,200 health care providers throughout the U.S. It includes 120 specialties, 29 other healthcare provider positions, and 21 administrative positions.
The survey data includes starting salaries by specialty; medians, means, and percentiles; compensation/productivity ratios; and comparative data from previous surveys. The 22nd annual AMGA compensation and financial survey was conducted by the national accounting firm of RSM McGladrey Inc.
Surveys are available for purchase for $295 to AMGA members and $590 to non-members at AMGA's website. Or contact Stefan Rozga at (703) 838-0033 ext. 326. Survey data is also available in a subscription-based, interactive online database. For details, contact Rozga.
The American Medical Group Association represents medical groups, including some of the nation's largest medical practices, independent practice associations, and integrated health care delivery systems.
|
SAVE | EMAIL | PRINT | MOST POPULAR | RSS |
|
|
| Back to Incentive Index |
|
 |
advertisement |
|
|
