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MGMA’s Physician Starting Salary Survey Released

According to the Medical Group Management Association (“MGMA”), physicians enjoyed an employee’s market in 2010. Based on MGMA survey data, 56% of first-year physicians accepted paid relocation packages and signing bonuses last year. Also, 12% of first-year doctors obtained loan-forgiveness packages.

The MGMA survey also found that first-year specialists in multispecialty practices earned 7.5% more than similar physicians in single-specialty practices in 2010 (median salaries of $258,677 and $240,596, respectively). Among primary-care doctors, however, the situation was reversed. New primary-care doctors in single-specialty practices earned 4.5% more than their peers in multispecialty practices (median salaries of $172,400 and $165,000, respectively).

The MGMA survey is based on data from 4,295 providers and starting salaries of 1,986 physicians directly following residency or fellowship.

For information regarding negotiating physician employment contracts, please contact Robert S. Iwrey, Esq. at (248) 996-8510 or (212) 734-0128, or visit the HLP website.

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