Median compensation for psychiatrists in group practice increased 4.6% from 2009 to 2010, according to a survey conducted by the Medical Group Management Association.

Psychiatrists’ income rose from $191,267 in 2009 to $199,996 in 2010; median income for all specialists was $356,885, an increase of 9.5% from 2009. Primary care physicians saw their compensation rise from $191,401 in 2009 to $202,392 in 2010 – almost 6%, the MGMA reported.

Since 2006, psychiatrists’ median compensation has risen by 7.5%, while income for all specialists has gone up by 11% and primary care physicians’ income has increased by 18%.

 

The 2010 edition of the annual survey, conducted among MGMA members and nonmembers, includes data from 2,846 group practices representing 59,375 physician and nonphysician providers. The MGMA lists highlights of the survey in its In Practice blog.

09/08/11