MGMA PHYSICIAN COMPENSATION 2012 PDF

Both private and integrated physicians saw increases, with the gap between the two cohorts closing to one of its lowest levels 11 percent since the integration wave of cardiology began in Continuing its tradition of evolving with the changing marketplace, MedAxiom began collecting data for the new subspecialty of advanced HF several years ago. Overall cardiology production has remained quite stable over the past five years. Private cardiologists continue to outpace those in integrated models in terms of overall wRVU production levels. Vascular surgery also increased by a modest 2. Cardiac surgeons out earned vascular surgeons when considering overall results and for those employed or integrated with a hospital or health system.

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Practices are staying ahead of the curve by monitoring these trends and in this case, offering higher wages and more incentives to attract and retain the talent they need. As a result, healthcare organizations are increasing compensation rates and offering competitive benefits to attract physicians from the shrinking physician pool, reported MGMA.

Specifically, guaranteed compensation for newly-hired emergency medicine, cardiology, and urology physicians rose Compensation for non-physician providers also significantly increased during the period, MGMA reported. Physician assistants saw a Physician assistants, nurse practitioners, and non-physician providers are stepping in to ensure patients receive care despite the physician shortage.

United Health Group recently emphasized how non-physician, or advanced practice, providers bridge the primary care gap. The group found that 13 percent of patients live in a county with a primary care shortage, and new graduate students have little interest in practicing primary care despite its potential to significantly lower costs and improve outcomes.

Physician assistants and nurse practitioners, on the other hand, have a documented interest in primary care, with 78 percent of NPs practicing primary care in versus 33 percent of physicians. United Health Group also projected the number of nurse practitioners and physician assistants in primary care to increase by 47 percent and 38 percent, respectively, by The increasing role of non-physician providers is driving increases in compensation, research continues to find.

Providers across the boards are seeing sizable increases in total compensation, the research shows. And they are likely to continue realizing significant pay increases and more competitive benefits as healthcare organizations explore strategies to attract and retain high-quality providers during the physician shortage.

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2019 Report: Cardiovascular Provider Compensation and Production Survey

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MGMA empowers healthcare practices and providers to create meaningful change in healthcare.

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