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Podcast: Financial Residency
Episode: Coffee & Contacts: What is TCC in MGMA edited
Description: 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 d...