27 min listen
What Does the Latest MGMA DataDive Tell Us About the State of Physician Compensation? (Hint: It’s Actually Optimistic)
FromSimply Worth It: Physician Negotiations with Dr. Linda Street
What Does the Latest MGMA DataDive Tell Us About the State of Physician Compensation? (Hint: It’s Actually Optimistic)
FromSimply Worth It: Physician Negotiations with Dr. Linda Street
ratings:
Length:
27 minutes
Released:
Jun 17, 2021
Format:
Podcast episode
Description
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 physiciansBy-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 negotiationThings 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?
Released:
Jun 17, 2021
Format:
Podcast episode
Titles in the series (100)
Make It Happen: How to Set Yourself Up For Success in Negotiation: In the process of negotiating a package that reflects your worth and value, there are 3 things that matter - mindset, market and make it happen. Step 3 is where the magic comes together. This is where we do the work to make a ... by Simply Worth It: Physician Negotiations with Dr. Linda Street