The Medical Group Management Association reports compensation is increasing for medical practice leaders, with the biggest increases among CEOs or executive directors.
MGMA's recently released "DataDive Management and Staff Compensation" report includes data on more than 162,000 management and staff positions across about 2,600 groups that represent hospital- or health system-owned and physician-owned groups.
The data shows medical group CEOs made between $202,407 and $340,289 on average in 2018, based on organization size. CEOs of larger groups, with 26 or more full-time-equivalent physicians, brought home bigger compensation packages, but experienced slightly slower growth in compensation from 2014 to 2018 compared to CEOs of smaller groups.
Here is a breakdown of compensation growth for medical group leaders from 2014 to 2018, according to MGMA:
- CEO/executive directors of groups with 26 or more FTE physicians — 11.83 percent increase
- CEO/executive directors of groups with 25 or fewer FTE physicians — 13.75 percent increase
- Executive management positions — 4.49 percent increase
- Senior management positions — 11.48 percent increase
- General management positions — 8.02 percent increase
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