every major player in your health system gets a direct line to the industry’s most-needed insights and the support to take action. we offer research for: most physician specialties saw compensation increases between 2017 and 2018, according to a recent report from the medical group management association (mgma) published thursday. the data was based on voluntary responses to questionnaires from both mgma member and nonmember practices. according to the report, median total compensation for established providers increased overall by 3.4% between 2017 and 2018, with specialty physicians seeing a 4.4% compensation increase and advanced practice providers seeing a 2.9% compensation increase on average.
the report also found that newly hired providers saw steady increases in median guaranteed compensation between 2017 and 2018. for example, median guaranteed compensation for: compensation for non-physician providers also increased, the report found, with physician assistants seeing a 10.35% increase and nurse practitioners seeing a 4% increase. she added that the increases in compensation “are driven not only by supply and demand but also by an increase in productivity. practices are staying ahead of the curve by monitoring these trends and in this case, offering higher wages and more incentives to attract and retain the talent they need” (o’brien, healthleaders media, 5/31; mgma release, 5/30; mgma provider compensation and production report, 5/30). but generational changes and rising expectations for physician performance make competition for physician talent feel increasingly intense today.
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