Physician compensation can vary significantly based on geographic setting and department rank, according to a news release from the Medical Group Management Association.
• Dermatologists in academic settings reported a median compensation of $277,765 in the Midwest. That figure was $234,936 for dermatologists in academic settings in the Western region.
• General pediatricians in the Eastern section reported $157,289 in median compensation while the same group in the Southern section reported median salaries of $139,410.
• Urologists in the Midwest reported $300,000 in median compensation compared with $445,247 for their Western counterparts.
There were also differences in compensation based physicians' rank in the academic setting:
• Primary care associate professors earned $173,963 in median compensation while professors reported median compensation of $198,000. Primary care department chairs reported median compensation of $282,296.
• Specialty care associate professors earned $260,075, professors earned $280,000 and specialty care department chairs earned $506,200.
• Physician compensation in academic settings is still lower than that of physicians in private practice: family practitioners in academic settings reported median compensation of $178,801 while those in private practice reported earnings of $189,402.
Learn more physician compensation statistics with MGMA's Academic Practice Compensation and Production Survey for Faculty and Management: 2012 Report Based on 2011 Data.
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• Dermatologists in academic settings reported a median compensation of $277,765 in the Midwest. That figure was $234,936 for dermatologists in academic settings in the Western region.
• General pediatricians in the Eastern section reported $157,289 in median compensation while the same group in the Southern section reported median salaries of $139,410.
• Urologists in the Midwest reported $300,000 in median compensation compared with $445,247 for their Western counterparts.
There were also differences in compensation based physicians' rank in the academic setting:
• Primary care associate professors earned $173,963 in median compensation while professors reported median compensation of $198,000. Primary care department chairs reported median compensation of $282,296.
• Specialty care associate professors earned $260,075, professors earned $280,000 and specialty care department chairs earned $506,200.
• Physician compensation in academic settings is still lower than that of physicians in private practice: family practitioners in academic settings reported median compensation of $178,801 while those in private practice reported earnings of $189,402.
Learn more physician compensation statistics with MGMA's Academic Practice Compensation and Production Survey for Faculty and Management: 2012 Report Based on 2011 Data.
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