Compensation Calculator

September 16, 2008
Physician's Money Digest, June15 2003, Volume 10, Issue 11

If you practice in a medical group, how much of itsincome will actually end up in your pocket? To get afairly accurate estimate, use the free compensation calculatorprovided by the Medical Group ManagementAssociation (www.mgma.com/special/phycomp.cfm).You will need to plug in collections for professional servicesas well as some key demographic data, whichincludes: the percentage of capitation revenue, whetheryour practice is in a large metropolitan area or a smallsuburban area, and whether your income is based onsalary or on productivity. Based on that information, thecalculator will give you an estimate of your direct compensation—in other words, the amount that will appearon your W-2, 1099, or K1 form.