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Academic practices emphasize clinical work to compete with private sector and close comp gap

The compensation gap between physicians in academic and private practices-for both specialists and primary care physicians (PCPs)-has grown wider in recent years, according to results from the MGMA 2007Academic Practice and Production Survey for Faculty and Management. In 2005, PCPs in private practice earned 24% more in median total compensation than their counterparts in academic practices-$168,111 compared with $135,278, according to the survey.