Physician-owned vs. hospital-owned settings: How pay, productivity stacks up 

Physician-owned practices reported higher levels of productivity in collections encounters and work relative value units in most specialties when compared to hospital-owned counterparts, according to the Medical Group Management Association’s “Provider Compensation and Productivity Data Report.”

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The report, released May 28, included 2023 data from more than 211,000 physicians and advanced practice providers. 

Here are five key notes:

1. Primary care physicians operating in physician-owned settings reported $154,940 more in total collections, 289 more total encounters and $11,163 more in total compensation than those in hospital-owned settings. 

2. Surgical specialists in physician-owned settings saw $88,250 more in total collections, 372 less total encounters and $88,250 less in total compensation. 

3. Advanced practice providers in physician-owned settings saw $129,001 more in total collections, 483 less total encounters and $11,631 more in total compensation. 

4. In physician-owned settings, primary care physicians had 549 more work RVUs, surgical specialists had 1,607 and APPs had 1,027. 

5. Total encounters reflect the number of direct provider-to-patient interactions and work RVUs quantify productivity and account for the complexity of the visits, according to the report. 

 

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