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Majority of groups see financial loss despite physician comp increases
Although most specialties saw increases in physician compensation between 2004 and 2005, the majority of group practices still struggled to make a profit, according to the AMGA 2006 Medical Group Compensation and Financial Survey.
The AMGA, which represents the interest of medical groups nationwide, compiled the annual report based on 2005 data from 218 groups representing more than 35,000 providers. To ensure confidentiality for survey respondents, the AMGA contracted with an independent consulting firm, RSM McGladrey, Inc., to collect and compile the data.