Physicians see little change in compensation in recent years with an average increase of 3.1% for 2015 versus 2.8% in 2014, according to the American Medical Group Association. Findings show that 74% of physician specialties experienced increases in compensation.
- Primary care specialists saw an increase of 3.6%, up from a decrease of 0.3% in 2014.
- Other medical specialties saw an average increase of 3.0%, comparable to 3.2% in 2014.
- Surgical specialties saw an average increase of 3.6%, up from 2.0% in 2014.
Specialties with the biggest increases last year were emergency medicine (9.6%); cardiac and thoracic surgery (8.1%); cardiology (6.9%) and hypertension; and nephrology (6.7%).
Compensation for primary care specialists rose 3.6%, and reversed a 0.3% decline in 2014, AMGA says. The average increase for other medical specialties was 3.0%, slightly less than the 3.2% seen in 2014, while surgical specialties experienced an average growth of 3.6%, up from 2.0% a year earlier.
“We’ve seen peaks in certain specialties, and dips in others, and much of this reflects the cyclical nature of healthcare economics,” said Donald W. Fisher, Ph.D., CAE, AMGA president and chief executive officer. “However, with the movement to value-based incentives for care, the delivery model is changing to a more team-based approach, which has always been the hallmark of AMGA member medical groups. It will be interesting to watch compensation trends over the next few years as these value-based models become more prevalent.”
You can read the full American Medical Group Association findings here.