Faculty Physicians Experiencing Increased Salaries
According to an article in Modern Physician, most faculty physicians experienced an increase in their salaries from 2009 to 2010. Based on a report from the Medical Group Management Association (MGMA), “the median compensation for primary-care faculty physicians was $163,704, up 3.47% from $158,218 in 2009, and the median pay for specialty care faculty was $241,959, or 2.7% higher than $235,587 in 2009. The rate of inflation for 2010, as calculated by the Consumer Price Index, was 1.5%.” While this was not the trend for all specialties, the increase in primary care appears to reflect the growing demand for higher paid hospitalists.
For more information on physician employment contracts, please contact Robert S. Iwrey, Esq. at (248) 996-8510 or (212) 734-0128 or visit the HLP website.