MGMA benchmarks are national physician compensation and productivity standards published annually by the Medical Group Management Association, used by medical practices and healthcare investors to evaluate physician performance relative to specialty peers and to set compensation plan targets.
The Medical Group Management Association (MGMA) publishes the Physician Compensation and Production Report annually, covering thousands of practices and more than 60 specialties across compensation, wRVU production, encounters per year, and ancillary metrics — expressed at the 10th, 25th, 50th (median), 75th, and 90th percentile for each specialty and practice setting. MGMA benchmarks are the standard reference for physician compensation plan design: a practice typically sets its compensation conversion factor (dollars per wRVU) to achieve a target percentile — often the 50th or 75th — at the physician's expected wRVU production, ensuring compensation aligns with market rates for that specialty. Healthcare investors use MGMA benchmarks during due diligence to assess whether physician compensation in the target practice is above or below fair market value (which directly affects normalized EBITDA) and whether provider productivity is at a sustainable level. The MGMA dataset requires a paid annual subscription and is updated once per year; practices that track benchmarks automatically — as Harine Management does within its provider productivity dashboards — avoid the manual spreadsheet work of quarterly MGMA comparisons. MGMA also publishes data on collection rates, AR aging, denial rates, and revenue per visit by specialty, enabling full operational benchmarking beyond productivity alone.
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