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By Staff Reporters and MGMA Survey
Physician Compensation is Rising but Not Keeping Pace with Inflation
Despite physician and advanced practice provider productivity continuing its post-pandemic recovery, compensation gains are being outstripped by the most severe inflationary growth in decades, according to a new report. Provider compensation increased across the board, with primary care physicians (PCPs) receiving the biggest increase last year. Growth in median total compensation for primary care doctors doubled from 2021 to 2022—from pay growth of 2.13% to 4.41%. But these gains were eclipsed by the rate of inflation at 7% and 6.5%, respectively.
CITE: https://www.r2library.com/Resource
Surgical and non-surgical specialists saw their change in median total compensation cool slightly in 2022, dropping from 3.89% for surgical specialists in 2021 to 2.54% in 2022, and from 3.12% for non-surgical physicians in 2021 to 2.36% in 2022, according to the Medical Group Management Association’s 2023 provider compensation and production report.
Source: Heather Landi, Fierce Healthcare [6/6/23]
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Filed under: "Doctors Only", Accounting, Career Development, Health Economics, LifeStyle | Tagged: doctor compensation, doctor salary, inflation, MGMA, PCP, PCP salary, physician salary, salary inflation | Leave a comment »
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