How does your practice administrator compensation compare?
Practice administrators working in smaller practices saw their incomes increase in 2011, but managers of larger practices experienced a decrease, according to the Medical Group Management Association.
Practice administrators working in smaller practices (employing seven to 25 full-time physicians) are making more than they did in 2010 compared with administrators in larger practices.
According to its newest Management Compensation Survey: 2012 Report Based on 2011 Data, the Medical Group Management Association (MGMA) says administrators in smaller practices reported median compensation of $120,486-an increase of 4.8% over 2010. Administrators in larger practices, with more than 26 full-time physicians, reported their median earnings fell by 2.8%, according to the report.
The MGMA says that members affiliated with MGMA-American College of Medical Practice Executives (ACMPE) reported greater compensation levels overall, perhaps due to networking benefits and the assumption that their members have made a commitments to “life-long learning through professional affiliations and credential programs.”
The organization has prepared a full report of administrator compensation, along with 57 other positions, for sale.
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