Primary care physician compensation has surpassed $266,000 a year while specialist pay has eclipsed $443,000, the Medical Group Management Association says.Primary care physician compensation has surpassed $266,000 a year, continuing to increase at a faster rate over the last five years than specialist pay at $443,000 as more doctors are rewarded to keep patients healthy, satisfied and out of the hospital.
The Medical Group Management Association annual compensation survey is the latest analysis showing the shift to value-based models rewards those in primary care fields like internists, pediatricians and family practice doctors. The emphasis on primary care also keeps salaries up for these doctors who are in demand as physician staffing firm“Primary care is the lynchpin in providing preventive care and managing chronic conditions,” MGMA president and chief executive officersaid.
MGMA’s analysis shows median primary care doctor compensation rose 3.4% to $266,500 in 2018 from a year earlier. Meanwhile, specialists’ compensation increased 4.4% to $443,881 last year from $425,136 in 2017, according to the, which comes from a dataset of 147,000 providers from more than 5,500 organizations including doctor, hospital and academic-owned practices.
Over the last five years, median specialist compensation has risen 7.78% while all primary care compensation has risen 10.46% to $266,500 in 2018 from $241,273 in 2014. Though pay increases of specialist physicians have begun to increase as fast or in some cases faster than primary care doctors, the pay trend generally favors primary care doctors thanks to new value-based pay models from insurance companies and Medicare that reward primary care doctors who work to keep patients healthy and out of the more expensive hospital setting.
Well, if we go full on socialist, the brain surgeon and janitor will make the same money.
Most of these Dr.s never paid there student loans! How is that?
After seeing an eye Dr. for less than 5 minutes. No wonder why we all have to agree were paying to much. Prepare To Be Wise! Will be the read for everyone.
American’s ability to pay doctor bills falls into the panic zone.
🤣 *inside America After 8-12 years of schooling post high school. Your know how much student debt that is? 💀
But don’t forget that single payer will somehow crater the healthcare provider pipeline. 🙄
Meanwhile RN’s and APP’s are lucky to score 1-2% raise. Hospitals are already starting to feel the pain of no nurses. Without them you can pay the docs the moon, but there will be no one to carry out the orders. Good luck.
Just enough to cover their student loans
Sounds ok
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