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.