File Name: mgma physician compensation and production survey 2015 .zip
Skip to content Compensation in the physician specialties: mostly stable. Knowing the
- What are Physician Salary Surveys?
- What are Physician Salary Surveys?
- The Top 9 Sites for Doctor Salary Information: Are You Making Enough?
When I negotiated my first job in I had no idea how much to ask for my salary, benefits or other perks. I primarily searched for jobs on job board sites that were kind enough to post their compensation data. Once I had a good idea of my fair market value, I would ask older peers and attendings to give me feedback on what I had found.
What are Physician Salary Surveys?
When I negotiated my first job in I had no idea how much to ask for my salary, benefits or other perks. I primarily searched for jobs on job board sites that were kind enough to post their compensation data. Once I had a good idea of my fair market value, I would ask older peers and attendings to give me feedback on what I had found. Unfortunately, none of them had any solid advice except to be careful of practices offering too much money. After a few years of practice, I became one of the informal leaders of a hospital-based group since I was good with spreadsheets and numbers.
The contract I signed three years prior was up for negotiation and now I was on the other end of the table negotiating with the hospital on behalf of my entire group. After brief introductions, the hospital representative pushed a small piece of paper toward us.
This big data comes from physician salary surveys administered annually by third parties. Physician Salary Surveys are the summaries of extensive and validated questionnaires submitted to physician practices and hospitals regarding their demographics, income, productivity, call, benefits, and practice type. It requires proof of practice by providing location, NPI number and signed consent to use the data. The data is then compiled and presented in a database or book format.
The questionnaire is voluntary and uncompensated except for access to the data upon successful completion. Once the questionnaires are submitted the compiled data is presented based upon mathematical averages, means, and ranges adding up to several hundred pages worth of data. Since the data is submitted annually, it also compares the data to previous years with in depth analysis and interpretation.
Hospitals, employers and recruiters need data on fair-market value for physician compensation. The surveys can be purchased as individuals or corporate entities depending on the intended use of the data. This data is then used to negotiate with physicians to determine their salary, benefits, work schedule, and other benefits.
It is also used to keep hospital and employers in compliance with Stark and Anti-kickback laws. As mentioned before these surveys are very important for employer compliance with employers who participate in government contracts and help determine the fair-market value of physician salaries for thier business.
I was lucky when I negotiated my first contract and I am sure there are many savvy physicians who also relied on job board data and mentors to help guide them through their first contract negotiation. Since most large employers and hospitals use to physician surveys to determine physician compensation, not knowing the data will place an individual physician at a disadvantage.
These entities will use this advantage to keep their costs down and offer lower compensation. As an individual physician, it is vitally important to have access to physician survey salary data to ensure you are fairly compensated. These companies have established themselves over decades as the industry standard for physician surveys producing consistent results that every major healthcare system trusts. Since they are the industry standard they also are used to justify compensation for highly paid physicians while keeping hospitals and practices in compliance with healthcare laws.
The organization consists of forty-five thousand 45K members including practice administrators, executives, and healthcare leaders. It represents nearly half of all the healthcare organizations in the U. The main purpose of the organization is advocacy and education for its members in order to improve the healthcare industry.
The survey represents data from the previous fiscal year, collected in the first quarter of the calendar year and then published in the second quarter. There are several class types: Member, non-member, and business service. MGMA members get a discount. Here is a link for membership options.
The cost is not transparent and you have to contact the sales team to deterimine the cost. I will review what is reported in future posts. The American Medical Group Association has been conducting compensation surveys since and consists of Medical Groups and 92, participants.
The survey conducts careful collection, screening and compiling of the data as to not give any individual or practice the ability to corrupt it according to their website. The report is very comprehensive and represents every specialty with some specialties with smaller sample size. It seems to have more participation from primary care rather than specialists. Here is a copy of their membership brochure.
Sullivan Cotter has been producing their version of the survey for 27 years and it represents data on , physicians and non physicians. They represent not-for-profit organizations, hospitals, health plans, academic centers and larger for profit practices.
I also think they do a nice job comparing salary to productivity. I performed an exhaustive search to find sources of the Data on the internet using a google search. I discovered four sources of data which I placed side by side categorically for the sake of comparison. All of their data is under copyright so I only will show what is publicly available. All the data sets come from and The MGMA data set is academic which differs from the non-academic data. I have access to non-academic data for and There are several other popular and very comprehensive physician surveys that can be found for free on the internet.
All of these surveys bring tremendous insight not only to the income of physicians but also to other aspects of the practice of medicine. Here is the main problem with the free surveys, no one uses them for benchmarking income or negotiating salaries. They are more for entertainment and looking at physician compensation from a global perspective or for recruiting purposes. The other issue with these surveys has to do with the quality of the data.
Many of the online surveys rely on end-users to submit the data and none of it is verifiable. In other words, it is an opinion and somewhat subjective.
MGMA, AMGA and Sullivan Cotter have a dedicated process of data verification by requiring the participants to sign an agreement indicating that the data comes from a reliable resource like the W-2 of the physicians. Likewise, each person in the survey is a real person with NPI number and can be verified as actively practicing medicine.
None of these data houses will even accept submission of data unless the person submitting it is an authorized representative of the group, practice or department which is then verified. Getting back to my story, I felt terrified of representing my group on my first collective contract negotiation.
As a precaution, I decided to start preparing for it several months in advance. My senior partners accompanying me were coaching me on the strategies of negotiation but none of them mentioned anything about these surveys.
Since I was the Medical Director at the time MGMA had reached out to me and my practice manager earlier in the year about filling out the surveys. Having done so we received a rather large book with all the data. Needless to say, the survey amazed me and now I had the single greatest ally to help with the negotiation.
In preparation for the meeting I looked at regional job vacancies in my city and state to get the temperature of the local job market and I compiled a giant spreadsheet of data that I extracted from MGMA. Going into the meeting I knew the group did not have a raise for seven years and based upon the MGMA our current income fell below the median for my specialty.
Back to the negotiation room. One of my senior negotiators grabbed the piece of paper and flipped it over. His face said it all as he passed it to the rest of us. Physician Salary Surveys if used properly level the playing field for physicians when it comes to contract negotiation. Since the data is impartial, many institutions use this data to index the income of their physicians and physician extenders. Accessing these surveys can be very challenging and expensive.
However , I would think of it as a good investment. If you are a private practice and looking to become employed with a hospital then it would be a good business practice to participate in any of the three or all surveys to get complimentary access to the data.
This will take some effort and timing but well worth it. For individuals seeking the data without participating, I recommend finding an attorney or contract specialist who subscribes to the data.
These groups purchase a special license that allows them to use the data with their clients. When you seek out an attorney for contract or service agreement reviews, make sure they have access to the data. The alternative would be to pay for it directly by contacting these groups directly.
Physician salary surveys were completely unknown to me until after I started managing my group and became an insider. Once I participated in one of the surveys my reward was a book filled will over three hundred pages of very detailed data. This data has greatly enhanced my understanding of the economics of medicine.
It has been invaluable in my contract negotiations, group productivity and keeping my income indexed to inflation. I highly recommend that every physician become well versed in the language of big data and physician salary surveys.
Your email address will not be published. Save my name and email in this browser for the next time I comment. Medical careers are challenging and can sometimes have down turns. There are 8 signs that things are going badly. What can be done to reverse them? I have met other physicians who tried to go part-time only to find they Skip to content If you like it, please share! Table of Contents. Leave a Reply Cancel reply Your email address will not be published. Leave this field empty.
What are Physician Salary Surveys?
Englewood, Colo. Medical Group Management Association. The MGMA also has an annual survey on physician compensation. However, unlike the AMGA, they get their data primarily from mid-sized groups comprised. Once calculated, you can then enter the respective values into your survey. Moving forward, MGMA will consider adjusting the data collection to capture the new norm of medical practice operations.
The reported data is a baseline for benchmarking operations. Moving forward, MGMA will consider adjusting the data collection to capture the new norm of medical practice operations. A State Sales tax exempt certificate must be on file and taxable items cannot be ordered online. For immediate assistance during normal business hours of am to pm MT M-Th and am to Noon MT on Friday, please call toll-free: , ext. Thank you for your purchase!
A State Sales tax exempt certificate must be on file and taxable items cannot be ordered online. For immediate assistance during normal business hours of am to pm MT M-Th and am to Noon MT on Friday, please call toll-free: , ext. Thank you for your purchase! Data Insights. Have you purchased a survey report?
The Top 9 Sites for Doctor Salary Information: Are You Making Enough?
Skip to content MGMA Mark your calendars! How to measure physician compensation per RVU. Mgma salary pdf View all factsheets Physician Compensation for
Повернувшись, она увидела, как за стеной, в шифровалке, Чатрукьян что-то говорит Хейлу. Понятно, домой он так и не ушел и теперь в панике пытается что-то внушить Хейлу. Она понимала, что это больше не имеет значения: Хейл и без того знал все, что можно было знать. Мне нужно доложить об этом Стратмору, - подумала она, - и как можно скорее.
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