It took a once-in-a-lifetime public health crisis to slow down America's physicians.
Even with the COVID-19 pandemic shuttering some practices and capping elective procedures for significant portions of the year, the 2021 MGMA Provider Compensation and Production report — reflecting data from more than 185,000 providers across more than 6,700 organizations — finds compensation for most physician specialties was either flat or increased slightly suring 2020 versus 2019 levels.
This MGMA data report, Provider Pay and the Pandemic, reveals the major trends throughout a year shaped by a public health emergency and the extent to which productivity and compensation rebounded after catastrophic declines in March and April 2020. These insights, derived from MGMA's industry-leading benchmarking survey, have added context from a special, monthly survey that collected provider- and practice-level data about the expansion of telehealth services and how charges and collections were affected by the unique challenges of the past year.
Learn more: MGMA DataDive Provider Compensation
Balance compensation with productivity with the most reliable data in the industry. MGMA DataDive Provider Compensation is your go-to resource for any physician or advanced practice provider (APP) compensation decisions. Use it to understand the unique differences among physician-owned, academic and hospital-owned practice benchmarks across multiple regions, practice sizes and provider experience levels. Benchmarks include:
- Compensation (including total pay, bonus/incentives, retirement)
- Productivity (work RVUs, total RVUs, professional collections and charges)
- Benefit metrics (hours worked per week/year and weeks of vacation)