MGMA executive members reported greater median compensation than nonmember executives, as did senior managers and office managers who held MGMA memberships, MGMA says. Office managers with an MGMA membership earned $13,272 more per year than their nonmember counterparts, and finance directors with MGMA memberships earned $942 more per year than finance directors without memberships.
When affiliated with the American College of Medical Practice Executives, the certification and standards-setting body of MGMA, several managerial positions enjoyed increased compensation as well. ACMPE-affiliated administrators in practices with seven to 25 FTE physicians, and 26 or more FTE physicians earned 21.2% and 24.6% more, respectively, than their counterparts who were not affiliated with ACMPE. CFOs experienced the greatest compensation boost based on ACMPE affiliation, earning $59,328 more than their unaffiliated counterparts.
MGMA has 21,500 members leading 13,700 organizations nationwide in which some 275,000 physicians provide more than 40% of the healthcare services delivered in the United States.