MGMA: Salaries Static, Responsibilities Rise
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.
John Commins is a senior editor with HealthLeaders Media.
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