Private practice doctors earn more than those in academic settings, MGMA finds

Doctors involved in private practice earn more money per year than their academic counterparts, according to a new Medical Group Management Association (MGMA) survey. From 2005 to 2009, pay for primary-care doctors in an academic setting rose nearly 17 percent, while compensation for specialists rose by close to 21 percent. "The economics of academic medicine are that teaching and research activities are not reimbursed in the same manner as in clinical practice," said Billy Newton, vice dean for Finance and Resource Planning at Duke University School of Medicine. "The private practicing physician typically produces more patient care revenue than the academic physician, whose role also includes teaching, research, and other administrative efforts." Press release