Medical Group Management Association analyzed physician compensation in academic and non-academic settings in its "2017 MGMA DataDive Physician Compensation and Production Survey."
The survey included responses from more than 120,000 providers in more than 6,600 groups.
Here are six takeaways:
1. The survey revealed non-academic hospital system physicians earned about $123,000 more than their academic counterparts.
2. Specialty non-academic hospital system physicians rake in $122,795 more than full-time clinical academic system physicians.
3. New hires, in their post-residency or fellowship period, earned more in non-academic settings compared to academic settings. For primary care physicians, specifically, the starting salary difference could soar to $86,000 between non-academic and academic settings.
4. In terms of relative value units, specialty non-academic physicians reported 1,200 more work RVUs annually than their academic counterparts.
5. Full-time and full-clinical specialty physicians earned a base compensation of $67,290 more than physicians who reported focusing 67 percent or more on research.
6. Full-time primary care physicians who focused mainly on research, however, make $9,556 more in base compensation than full-time, full-clinical primary care physicians.