Yes, reimbursements are down and costs are up — but for academic faculty specialist physicians, there is some good news: Your income has increased slightly, according to new data from the Medical Group Management Association.
Academic faculty physicians in speciality as well as primary care saw a little boost between 2009 and 2010, even though compensation in that setting trails those in private practice.
For diagnostic radiologists, faculty reported a 0.56 percent increase to a media of $351,950 in 2010, according to MGMA’s Academic Practice Compensation and Production Survey for Faculty and Management: 2011 Report Based on 2010 Data. Since 2006, compensation for those in academia has risen more than 14 percent.
Your academic cohorts in primary care, meanwhile, saw a 3.47 percent increase since 2009, with a media salary of $163,704.
Those in pulmonary medicine saw the greatest jump since 2009 of 7.38 percent (and an 18 percent jump since 2006) to a median salary of $197,011. Non-invasive cardiologists benefited from a 6.7 percent increase since 2009 to $256,908.
MGMA’s annual report includes academic-specific data on physician and nonphysician faculty and management. This year’s report includes data on 18,776 faculty physicians and nonphysician providers categorized by specialty and 1,993 managers, according to MGMA.