MGMA: Compensation for Medical Practice Administrators 'Static'
Median compensation for practice administrators in 2010 showed little change from 2009, according to the Medical Group Management Association's Management Compensation Survey: 2011 Report Based on 2010 Data.
Administrators in practices with six or fewer full-time-equivalent physicians earned median compensation of $86,459, a slight decrease from 2009. Administrators in practices with seven to 25 FTE physicians reported median compensation of $115,000—an increase of only 0.28% from 2009. In groups with 26 or more FTE physicians, administrators reported median compensation of $150,756, the MGMA report said.
Some medical practice management professionals reported slight increases in compensation, likely in recognition of expanded responsibilities. Business service directors, for example, reported a 5.7% increase in median compensation to $88,540. Branch/satellite clinic managers also saw a modest increase in median compensation to $57,510, up 2.57%. Marketing/communications specialists earned median compensation of $49,262, up 0.74 percent since last year, the report said.
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- 3 Traits Personality Assessments Can't Reveal
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- CHS Hacked, 4.5M Patient Records Compromised
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- Business Roundup: M&A Activity Down Slightly in First Half of 2014
- CFO Exchange: Healthcare Leaders Share 5 Innovative Ideas
- Large Employers Trimming Healthcare Spending
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- 3 Things the Ice Bucket Challenge Can Teach Hospital Marketers