Does Productivity Equal Compensation?

Author: Matthew Wells, PhD, Danielle DuBord, and Fred Horton, MHA

Is compensation keeping up with inflation? With annual inflation above 6% in 2022, and above 4% in 2023 (based on data provided by the U.S. Bureau of Labor Statistics), there is pressure on employers to maintain compensation levels to keep up with inflation. AMGA's 2024 Medical Group Compensation and Productivity Survey Report provides insights into key issues that will guide your organization through the coming year. We discuss short- and longer-term trends in compensation and productivity for primary care and specialty physicians as well as advanced practice clinicians (APCs) based on these latest market data results.