Physicians in academic settings experienced smaller increases in compensation compared with doctors in the private sector, according to a report released Thursday by the Englewood, Colo.-based Medical Group Management Association.
The report, titled Academic Practice Compensation and Production Survey for Faculty and Management: 2007 Report Based on 2006 Data, found that specialists in academic practice posted a 3.59% increase in median compensation and rose to $202,000 annually, while compensation increased 6.61% for private practice specialists. For primary-care physicians, those in academic practices had a bigger percentage increase5.51%compared with only 3.89% for those in private practice, but median compensation still lagged: $142,251 compared with $168,111.
Academic specialists reporting even lower gains included neurologists whose compensation levels basically stayed the same, while ophthalmology and obstetrics and gynecology practices reported an increase of less than 2%.
The report is based on responses from 528 practices (out of 2,019 questionnaires sent) representing more than 15,000 faculty physicians in 108 specialties. Data from the web-based survey was collected in September 2006. The MGMA is charging members $300 for the report and nonmembers $500. -- by Andis Robeznieks