AMGA 2016 Medical Group Executive and Leadership Compensation Survey Now Available
AMGA recently announced findings from the AMGA 2016 Medical Group Executive and Leadership Compensation Survey, conducted by its consulting arm, AMGA Consulting. The survey indicated upward and downward compensation changes in the C-suite and across various levels of leadership.
According to findings, median total cash compensation in 2016 for non-physician CEOs was essentially unchanged from prior year while physician CEO cash compensation declined by 3.9%. Other C-suite incumbents also experienced declines in cash compensation, such as COOs (-3.4%) while Chief Compliance Officers posted a 5.5% increase in 2016 and the biggest cumulative increase from 2014-2016 at 17.5%. The variation in positive versus negative change may be attributed to industry challenges and levels of incentive compensation achieved at the executive level.
“The 2016 survey indicates that leadership compensation is not simply increasing by a consistent 3% or 4% year-over-year,” said Tom Dobosenski, president, AMGA Consulting. “The survey results show that factors such as the magnitude of incentive compensation, executives’ achievement of those metrics, and the available labor force for some specialized positions are important.”
The AMGA 2016 Medical Group Executive and Leadership Compensation Survey presents data from 78 organizations, representing 1,527 unique data points. As in prior years, most groups reporting in 2016 were comprised of more than 100 physicians. The report includes data on total cash compensation, base compensation, and earned bonus compensation for various management and executive positions. The compensation data presented are reported based on physician group size and region of the country.
“As medical groups and integrated systems of care transition to value, it is imperative that boards and compensation committees have the necessary data to make well-informed decisions on compensation for their leaders,” said Donald W. Fisher, Ph.D., CAE, president and chief executive officer of AMGA. “The survey data are an important resource for leaders as they make the difficult decisions that balance financial stewardship with fair and competitive market-based pay.”
In addition to information previously reported in the AMGA Medical Group Compensation and Productivity Survey, this report has been expanded. For example, new positions, including director of physician compensation and director of care coordination and case management, have been added since last year. These survey enhancements are intended to better match the data to the array of positions that exist in the market today.
An analysis of the survey findings is available in the February issue of AMGA’s Group Practice Journal.
About AMGA Consulting
AMGA Consulting assists healthcare organizations navigate the changing industry environment. AMGA Consulting assists clients build their organizational capabilities through effective governance, operational improvement, strategic alignment, talent management, and total rewards solutions. For more information, visit amgaconsulting.com.
AMGA is a trade association leading the transformation of health care in America. Representing multispecialty medical groups and integrated systems of care, we advocate, educate, innovate, and empower our members to deliver the next level of high performance health. AMGA is the national voice promoting awareness of medical groups’ recognized excellence in the delivery of coordinated, high-quality, cost-effective care. More than 170,000 physicians practice in our member organizations, delivering care to one in three Americans. For more information, visit amga.org.