Tom Flatt, AMGA
(703) 838-0033 ext. 328
Mary Kelley, Sullivan, Cotter and Associates, Inc.
20 August 2014
American Medical Group Association's 2014 Medical Group Compensation and
Financial Survey Reports Improved Financial Performance, Average Increase in
Physician Compensation at 2.9 percent
ALEXANDRIA, VA - The American Medical Group Association (AMGA) today
announced findings from its 2014 Medical Group Compensation and Financial
Survey, conducted by the national consulting firm of Sullivan, Cotter and
Associates, Inc. Findings show an increase in the number of provider
organizations reporting stronger financial performance for the second year in a
row. The survey reported that groups, on average, broke even financially, with
groups in the eastern region reporting positive operating margins. The survey
also found small upward and downward movements in compensation based on
specialty area. Average increases in compensation in 2013 were slightly higher
than in 2012. The overall weighted average increase in 2013 compensation was 2.9
percent, up from 1.6 percent from 2011 to 2012.
"After years of facing financial hardship, medical groups and other organized
systems of care are improving their financial performance," commented Donald W.
Fisher, Ph.D., CAE, president and chief executive officer of AMGA. "Our members
have worked diligently to offer the highest quality, most efficient medical care
at the lowest cost and their efforts are slowly beginning to pay off with their
diligent cost savings translating in stronger financial performances. This is
another example of the superiority of the integrated, coordinated model of care
delivery. As these medical groups strive to become high-performing health
systems, they are investing in improvements in care processes and infrastructure
that will provide patients with better health outcomes, enhanced care
experience, and lower costs well into the future. It is gratifying to see their
efforts are also resulting in financial gains, and we hope they can continue to
improve financial performance."
Survey results showed that 68 percent of specialties experienced increased
compensation in 2013, although increases for the most part were small.
- Primary care specialists saw an
increase of 3.8 percent, up from 2.8 percent
- Other specialties saw an average
of 1.8 percent, up from 1.6 percent
- Surgical specialties saw an
average of 3.0 percent, up from 0.5 percent.
Specialties experiencing the largest increases in compensation were seen in
gastroenterology at 9.0 percent, cardiac/thoracic surgery at 8.2 percent,
emergency medicine at 5.2 percent, and neurology at 5.1 percent.
The AMGA 2014 Medical Group Compensation and Financial Survey gives a
complete financial picture of medical group operations in one volume, providing
compensation, productivity, and financial operations data from healthcare
providers throughout the United States including 134 specialties, 30 other
healthcare provider positions, and 30 administrative positions. The data
reflects responses from 289 medical groups, representing approximately 73,700
providers. Specific data measured within the survey includes starting salaries
by specialty; medians, means and percentiles; compensation/productivity ratios
and comparative data from previous surveys; as well as analysis by group size
and geographic region.
Financial profiles within the survey are provided per physician FTE, square
footage, and work RVU. In addition to staffing profiles, financial data includes
medians, capitation impact, accounts receivable analysis, and department level
analysis. Also included is a section designed to examine data specific to the
academic/faculty practice environment.
About the American Medical Group Association
The American Medical Group
Association (AMGA) represents some of the nation's largest, most prestigious
medical practices, independent practice associations, accountable care
organizations, and integrated healthcare delivery systems. AMGA's mission is to
support its members in enhancing population health and care for patients through
integrated systems of care. More than 150,000 physicians practice in AMGA member
organizations, providing healthcare services for 120 million patients
(approximately one in three Americans). Headquartered in Alexandria, Virginia,
AMGA is the strategic partner for these organizations, providing a comprehensive
package of benefits, including political advocacy, educational and networking
programs, publications, benchmarking data services, and financial and operations
About Sullivan, Cotter and Associates, Inc.
SullivanCotter is the leading
independent consulting firm in the assessment and development of tailored total
compensation and reward programs for tax-exempt, not-for-profit organizations.
For more than 20 years, the firm has provided executive and employee
compensation, governance, and physician compensation counsel to a wide variety
of health care and higher education organizations, associations and foundations.
A recognized leader in health care compensation benchmarking, trends and
analyses, SullivanCotter has also developed the most widely recognized physician
and health care executive compensation surveys in the United States. Building
from this unparalleled data, the firm works closely with executives, boards and
compensation committees to devise innovative solutions to attract and retain
leadership talent while satisfying not-for-profit missions and regulatory
Limited copies of this year's survey are available for working press. For
press copies, contact Tom Flatt at
firstname.lastname@example.org. Surveys are also available for purchase for $350 to AMGA
members and $700 to non-members. To order, visit
www.amga.org or contact AMGA at (703) 838-0033, ext. 362 or
email@example.com. Survey data is also
available in a subscription-based, interactive, online database. For details,
contact firstname.lastname@example.org or visit