CONTACT:
Sharon Grace, AMGA 703.838-0033 ext. 393[email protected]
July 19, 2016
AMGA 2016 Survey Reports Average Increase in Physician Compensation at 3.1%74% of Specialties Saw Increases in Compensation
Newswise — ALEXANDRIA, VA - AMGA today announced findings from its 2016 Medical Group Compensation and Productivity Survey, conducted by its consulting arm, AMGA Consulting. Findings show that 74% of physician specialties experienced increases in compensation. The overall weighted average increase in 2015 compensation was 3.1%, similar to 2.8% from 2013 to 2014.
• Primary care specialists saw an increase of 3.6%, up from a decrease of 0.3% in 2014 (weighted average). • Other medical specialties saw an average increase of 3.0%, comparable to 3.2% in 2014. • Surgical specialties saw an average increase of 3.6%, up from 2.0% in 2014.
Specialties experiencing the largest increases in compensation in 2015 were Emergency Medicine (9.6%), Cardiac/Thoracic Surgery (8.1%), Cardiology (6.9%), and Hypertension and Nephrology (6.7%). Data represent responses from 260 medical groups (a 3% increase from last year’s survey), representing more than 92,000 providers (a 26% increase). The data is representative of large multispecialty medical groups and integrated health systems.
“Once again this year, we see that physician compensation in general has remained relatively flat, with an average increase around 3.0%,” said Donald W. Fisher, Ph.D., CAE, AMGA president and chief executive officer. “We’ve seen peaks in certain specialties, and dips in others, and much of this reflects the cyclical nature of healthcare economics. However, with the movement to value-based incentives for care, the delivery model is changing to a more team-based approach, which has always been the hallmark of AMGA member medical groups. It will be interesting to watch compensation trends over the next few years as these value-based models become more prevalent.”
“One basic tenet of any compensation system is that it allows an organization to successfully recruit and retain talent necessary to carry out the work of the organization,” said Tom Dobosenski, CPA, president, AMGA Consulting. “In order to do so, most AMGA member organizations believe that physician compensation systems must offer the opportunity for physicians to earn market rates of compensation for market rates of effort or output. This survey is a tool our members use to evaluate whether their plans are market-based by comparing their performance to others” The AMGA 2016 Medical Group Compensation and Productivity Survey presents data for 138 physician specialties and 31 other provider specialties, with breakdowns by region and group size (group size assigned by physician FTE). The survey provides data on compensation, net collections, work RVUs, and compensation-to-productivity ratios. Other data include panel sizes, gross productivity, fringe benefits and benefits expense-to-compensation ratios, patient visits, compensation for experienced new hires and new residents or fellows, compensation and productivity for academic facilities, and compensation and productivity for nurse practitioner and physician assistant subspecialties.
About AMGAAMGA is a trade association leading the transformation of healthcare in America. Representing multispecialty medical groups and integrated systems of care, we advocate, educate, and empower our members to deliver the next level of high performance health. AMGA is the national voice promoting awareness of medical groups’ recognized excellence in the delivery of coordinated, high-quality, cost-effective care. More than 170,000 physicians practice in our member organizations, delivering care to one in three Americans. For more information, visit amga.org
Limited copies of the survey are available for working press. For press copies, contact Sharon Grace at [email protected]. Surveys are also available for purchase for $400 to AMGA members and $800 to non-members. To order, visit amga.org or contact AMGA at 703.838.0033 ext. 362 or [email protected]. Survey data is also available in a subscription-based, interactive, online database. For details, contact [email protected] or visit amga.org.
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