Median compensation for practice management professionals in 2010 showed little change from 2009, with most compensation barely increasing and some actually decreasing.
Compensation for practice management professionals remained static in 2010, according to the 2011
by the Medical Group Management Association. Although, depending on the size of the practice and expanded responsibilities, administrators may have seen an increase in compensation.
“The generally static compensation of practice management professionals reflects the difficult economic environment faced by medical practices,” said William F. Jessee, MD, FACMPE, MGMA president and chief executive officer, in a statement. “Flat or declining revenues in the face of continuing increases in operating costs are forcing many practices to sell or close. For those that are able to survive, compensation levels are generally flat or declining.”
Medical practice management professionals who also serve as business service directors saw a rather large increase in compensation of 5.7%. The median compensation for branch and satellite clinic managers also increased 2.57% to $57,510.
Those administrators who had expanded responsibilities saw some increases in median compensation.
However, overall administrators by practice size saw little change in median compensation from 2009. Administrators in practices with seven to 25 full-time-equivalent physicians reported an increase of only .28% to $115,000. But those in practices with six or fewer FTE physicians saw their median compensation decrease slightly to $86,459.