Academic faculty physicians in primary and specialty care reported slight increases in compensation between 2009 and 2010, according to an MGMA survey.
The survey, Medical Group Management Association's Academic Practice Compensation and Production Survey for Faculty and Management: 2011 Report Based on 2010 Data, reports median compensation for primary care faculty physicians was $163,704 in 2010. The 2010 salary represents an increase of 3.47 percent since 2009.
The median compensation for specialty care faculty was $241,959, an increase of 2.70 percent since 2009. Compensation in academic settings continued to trail private practice compensation, according to the survey.
The survey reported that rank plays an important role in increasing compensation. Department chairs and chiefs received the highest compensation, at $292,243 for primary care faculty and $482,293 for specialty care faculty. Primary care professors received $190,815 in compensation and specialty care professors received $268,786.
Annual compensation for internal medicine primary care faculty increased 6.84 percent since 2009. Pediatric faculty reported annual compensation of $145,000 in 2010, a 2.21 increase over 2009.
Download a copy of the MGMA compensation report.
Read more on compensation:
-Average Cardiovascular Tech Salary: How Does Your Compensation Compare?
-New Jersey Hospital Association Opposes Proposed Bill Forcing Hospitals to Make Finances, Compensation Public
-University of Cincinnati's David Stern Sees $900K Severance Package
The survey, Medical Group Management Association's Academic Practice Compensation and Production Survey for Faculty and Management: 2011 Report Based on 2010 Data, reports median compensation for primary care faculty physicians was $163,704 in 2010. The 2010 salary represents an increase of 3.47 percent since 2009.
The median compensation for specialty care faculty was $241,959, an increase of 2.70 percent since 2009. Compensation in academic settings continued to trail private practice compensation, according to the survey.
The survey reported that rank plays an important role in increasing compensation. Department chairs and chiefs received the highest compensation, at $292,243 for primary care faculty and $482,293 for specialty care faculty. Primary care professors received $190,815 in compensation and specialty care professors received $268,786.
Annual compensation for internal medicine primary care faculty increased 6.84 percent since 2009. Pediatric faculty reported annual compensation of $145,000 in 2010, a 2.21 increase over 2009.
Download a copy of the MGMA compensation report.
Read more on compensation:
-Average Cardiovascular Tech Salary: How Does Your Compensation Compare?
-New Jersey Hospital Association Opposes Proposed Bill Forcing Hospitals to Make Finances, Compensation Public
-University of Cincinnati's David Stern Sees $900K Severance Package