July 3, 2024- Medical groups are increasing compensation in an attempt to lure talent, with median total compensation for registered nurses rising nearly 20% over the past five years. Amid heightened demand for workers, according to a survey from the Medical Group Management Associate (MGMA), compensation for critical healthcare roles rose in 2023.
Median total compensation for medical assistant positions and healthcare management positions grew 3.3% and 7% respectively, between 2022 and 2023, the survey found.