Coffee & Contacts: What is TCC in MGMA edited
Financial Residency · Jon Appino
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Show Notes
In this message, Jon from Contract Diagnostics discusses the total compensation data from the MGMA survey, which is considered the gold standard for physician compensation.
The MGMA survey gathers data from a large number of physicians and their employers each year, but participation is relatively low, so the accuracy of the inputs is uncertain. The data includes various types of compensation such as salary, bonus, incentives, stipends, and distributions of profits, but excludes expense reimbursements and employer contributions to benefits like retirement plans and insurance.
Jon emphasizes the complexity of interpreting the data, as it does not account for factors like call stipends, signing bonuses, or variations in workload.
Despite its shortcomings, Contract Diagnostics can help physicians make sense of the MGMA data and consider it alongside their individual situations.
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