What Does the Latest MGMA DataDive Tell Us About the State of Physician Compensation? (Hint: It’s Actually Optimistic)

The pandemic brought on a lot of changes that directly affected physicians, but as we slowly start to recover from the crisis, data around the real impact is starting to emerge. 

Thanks to the latest MGMA DataDive, we have a ton of interesting and even promising trends to consider and work with. 

There was a collective concern around how badly compensation would backslide because of the global crisis, but the data isn’t as bad as we thought it would be.

What does this data tell us about how different areas of medicine were impacted by the pandemic, and how we can use the information in our negotiations? 

In this episode, I do a deep dive into the latest MGMA DataDive, and why it’s still possible for us to earn what we’re worth as we collectively recover.

Three Things You’ll Learn In This Episode 

• Why we can still get paid what we’re worth 
  Many physicians are being told they can’t get increases because of the financial effect of the pandemic. The data actually shows that the situation isn’t that dire. How can we use the data to counter this objection? 
  
  
• The impact of the pandemic on female physicians 
  By-and-large women suffered the greatest cost-to-career in 2020. How bad was it, and what can we do to close the gap? 
  
  
• How to strategically use the data to inform our negotiation
  Things aren’t as simple as looking at a percentile on an MGMA to determine what you should be paid. How do we navigate a multifaceted decision tree so that we know what to ask for and how?