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Median compensation for general psychiatrists in group practice increased 3.5% in 2011, according to a survey by the Medical Group Management Association.
In 2011, the median compensation for the 464 general psychiatrists responding to the survey was $206,927, compared with $199,996 in 2010. Psychiatrists in single-specialty practices earned $197,285 in 2011, compared with $209,049 for those in multispecialty practices, the MGMA reported.
There was considerable geographic variation in median compensation, with those in the Midwest earning $239,340, followed by the South ($230,000), the West ($201,102), and the East ($191,726).
For all specialists surveyed, median salary rose 7.7% to $384,467 in 2011, while primary care physicians had a 5.2% increase that brought their income to $212,840. Among nonphysician providers, the median compensation of $102,770 was 6.4% higher than in 2010.
For 2011, the MGMA’s annual compensation and production survey includes data from 62,245 physicians and nonphysician providers in 2,913 group practices.
Median compensation for general psychiatrists in group practice increased 3.5% in 2011, according to a survey by the Medical Group Management Association.
In 2011, the median compensation for the 464 general psychiatrists responding to the survey was $206,927, compared with $199,996 in 2010. Psychiatrists in single-specialty practices earned $197,285 in 2011, compared with $209,049 for those in multispecialty practices, the MGMA reported.
There was considerable geographic variation in median compensation, with those in the Midwest earning $239,340, followed by the South ($230,000), the West ($201,102), and the East ($191,726).
For all specialists surveyed, median salary rose 7.7% to $384,467 in 2011, while primary care physicians had a 5.2% increase that brought their income to $212,840. Among nonphysician providers, the median compensation of $102,770 was 6.4% higher than in 2010.
For 2011, the MGMA’s annual compensation and production survey includes data from 62,245 physicians and nonphysician providers in 2,913 group practices.
Median compensation for general psychiatrists in group practice increased 3.5% in 2011, according to a survey by the Medical Group Management Association.
In 2011, the median compensation for the 464 general psychiatrists responding to the survey was $206,927, compared with $199,996 in 2010. Psychiatrists in single-specialty practices earned $197,285 in 2011, compared with $209,049 for those in multispecialty practices, the MGMA reported.
There was considerable geographic variation in median compensation, with those in the Midwest earning $239,340, followed by the South ($230,000), the West ($201,102), and the East ($191,726).
For all specialists surveyed, median salary rose 7.7% to $384,467 in 2011, while primary care physicians had a 5.2% increase that brought their income to $212,840. Among nonphysician providers, the median compensation of $102,770 was 6.4% higher than in 2010.
For 2011, the MGMA’s annual compensation and production survey includes data from 62,245 physicians and nonphysician providers in 2,913 group practices.