HMO Psychiatrists Earn About 16% Less Than Psychiatrists in Group Practices

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News According to a new study by Hay Management Consultants, psychiatrists in private group practice had earnings in 1987 approximately 16% greater than psychiatrists employed by HMOs. A Hay spokesperson explained that the variation between private group member incomes and HMO incomes of psychiatrists does not necessarily mean that HMOs do not provide comparable compensation. Rather the differences may be due to seniority and regional variations, reflecting the locations of the largest HMOs. According to data supplied by the American Medical Association, average net-before-tax income of all . . .