MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data. Key Findings Summary Report

Transcription

1 MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data % Key Findings Summary Report

2 MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data Each year, MGMA surveys its members and nonmembers to obtain the most recent academic practice compensation and production data. This year s survey remains a significant benchmarking tool for academic practices, representing 616 groups, 20,876 providers, and 1,996 managers. The Data Solutions analysts reached the following results and conclusions by historical and current-year trend analyses. These report highlights provide a description on how compensation may change throughout time, as well as factors that influence current compensation. The median is used in the analysis, and the report reflects data submitted for the 2013 fiscal year. Specialty and Physicians Report Inverse Effect of Billable Clinical Responsibility on Total Compensation While physicians report a 4% decrease in total compensation when billable clinical activity encompasses more than two-thirds of their time (compared to a third or less), physicians report an extreme opposite: 29% higher total compensation when the majority of their time is spent in billable clinical activity ($282,474 vs. $219,500). Physician Assistants Report Opposite Geographic Compensation Trends Compared to Primary and Physicians Primary and physicians report highest total compensation in the eastern geographic section ($185,641 and $285,000) and lowest in the southern geographic section ($170,500 and $251,035). In this same year, Physician Assistants report the opposite trend: lowest median total compensation in the eastern section and second highest compensation in the south. Chief Department Administrators (CDAs) Report Peak Total Compensation in Second Largest Department Size CDAs report a steady increase in total compensation as department size rises. Compensation peaks at departments with 76 to 150 total faculty with a value of $163,858. This amount is 48% higher than CDAs in departments of 10 or fewer faculty, and 21% higher than their counterparts in departments with 151 or more total faculty. Key Findings physicians report a 52% higher median total compensation than their counterparts physician compensation decreases as billable clinical responsibilities increase, while sees an increase for higher levels of billable clinical activity Highest median total compensation reported in the eastern geographic section for both Primary and Specialty Care physicians Department Chairs in report a 70% higher median total compensation ($530,668) compared to Department Chairs ($312,700) Surgical departments report 1.41 more Total FTE support staff per FTE physician than Nonsurgical departments Nurse Practitioners report a 14% increase in compensation since 2012 ($98,546 vs. $86,218) Managers report an overall flat change in total compensation (compared to 2012), with the largest increase for Associate/ Assistant Department Administrators (4%) MGMA. All rights reserved. 2

3 Survey Participation by Geographic Section 32% 32% 31% 30% Eastern Midwest 24% 12% 24% 15% Southern Western Academic Groups Academic Providers Median Compensation Levels $176,525 $267,957 $156,497 $220,000 Physicians Physicians Base compensation Total compensation MGMA. All rights reserved. 3

4 Median Compensation by Percentage of Billable Clinical Activity Base compensation $165,300 $155,000 $155,000 Total compensation $180,933 $177,962 $174,134 0% to 33% 34% to 66% 67% to 100% $191,165 $219,500 $223,564 $276,037 $226,600 $282,474 Base compensation Total compensation Median Compensation Levels by Geographic Section Eastern Midwest Western $263,118 $272,847 $285,000 $175,000 $179,302 $185,641 $251,035 $170,500 Southern MGMA. All rights reserved. 4

5 Median Compensation Level by Faculty Rank $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 * Non-Faculty Instructor Assistant Professor Associate Professor Professor Division Chair/Chief Department Chair $176,737 $165,909 $180,085 $208,481 $262,883 $312,700 $268,770 $195,143 $248,604 $274,799 $303,500 $340,351 $530,668 *Insufficient participation data Median Total FTE Support Staff per FTE Physician Department Specialty Surgical Nonsurgical MGMA. All rights reserved. 5

6 Median Total Compensation Nonphysician Providers $156,871 $151,356 Cert Reg Nurse Anesthetist $98,546 $86,218 Nurse Practitioner $96,000 $96,198 Physician Assistant Aggregate of four Physician Assistant subspecialties. $ Median Total Compensation by Geographic Section $ $ $50000 $0 Nonphysician Providers $146,000 $162,428 $145,250 $89,180 $96,949 * * * Cert Reg Nurse Anesthetist Nurse Practitioner Eastern Midwest Southern Western $89,627 $94,302 $97,850 $100,004 Physician Assistant *Insufficient participation data Aggregate of four physician assistant subspecialties MGMA. All rights reserved. 6

7 Associate/Assistant Department Administrator $101,000 $97,575 Chief Department Administrator (CDA) $131,884 $131,623 Department Financial Officer $92,195 $91,826 Human Resources Manager $72,233 $70,725 IS Manager/Network Administrator $83,344 $84,834 Medical Director Median Compensation for Select Management Titles $278,182 $278,534 Median Compensation by Department Size Total Faculty Chief Department Administrators $110,619 $116,400 $133,551 $150,830 $163,858 $135, or Fewer 11 to to to to or More MGMA. All rights reserved. 7