Total Collections

[PM&ARGHH]

---

Members don't see this ad.

Long time lurker, first time poster.

Does anybody have information/data on total collections, or is anyone comfortable sharing information about their collections most years? I am currently in a mixed-specialty PP setting, primarily office based with occasional ASC procedures. Current contract is base salary + fixed % collections after bonus threshold, but that will change to more of a sliding scale in the future. Trying to get a gauge of where I am at now and what is reasonable in the future as my practice grows. Just finished first full year in this practice and trying to get a gauge how I compare and how much I can expect to continue to improve on this year.

Appreciate the help and insight.

Edit: I know it varies by a ton of factors, including payor mix, etc. but if able to include RVU info as well that would be awesome

 

[Ducttape]

i think the most fair assessment would be to look at MGMA data.

lobel posted a nice graph on this from MGMA here

 

[PM&ARGHH]

i think the most fair assessment would be to look at MGMA data.

lobel posted a nice graph on this from MGMA here

Thanks. I saw that, it’s definitely helpful. I don’t see where it shows total collections, unless that’s the first line? And it also looked to be specific for HOPD docs.

The MGMA data I have access to is only for compensation, not collections.

 

[clinicmd]

Have you checked out Marit? It's a new community powered project with anonymous salary contributions by attendings. Lots of great data and growing, and I see a few contributions in there that are Collections based. Works on a give-to-get model, so you've add your salary to unlock all salaries

 

[Ducttape]

its confusing but yes i think thats the top line.

MGMA is significantly geared for HOPD...

from the MGMA site:

Collections % TC​

The actual dollars collected that can be attributed to a physician for all professional services.

Included:

• Fee-for-service collections;
• Allocated capitation payments;
• Personally performed administration of chemotherapy drugs; and
• Personally performed administration of immunizations.

Not included:

• Collections on drug charges, including vaccinations, allergy injections, and immunizations, as well as chemotherapy and antinauseant drugs;
• The technical component (TC) associated with any laboratory, radiology, medical diagnostic or surgical procedure collections;
• Collections attributed to the advanced practice providers;
• Infusion-related collections;
• Facility fees;
• Supplies; or
• Revenue associated with the sale of hearing aids, eyeglasses, contact lenses, etc.

of course, the numbers seem low compared to our salaries. the difference between what the HOPD gets and what they collect and what we get paid is through the dreaded site of service facility fees.