Leveling Incomes
2005 Medical Group Compensation &
Financial Survey shows
balanced increases for physicians in all specialties.
balanced increases for physicians in all specialties.
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The AMGA mailed the
survey to more than 2,600 medical groups across the country in
February 2005. RSM McGladrey received 197 valid responses,
representing approximately 34,000 providers and published the
results in August.
During 2004, the
survey found the three specialties that experienced the largest
increases in compensation were general surgery (8.89 percent),
pediatrics & adolescent (8.76 percent), and hematology
& oncology (8.52 percent). Primary care physicians in
family medicine and internal medicine also saw healthy
increases after several years of negligible increases or
decreases: family medicine (6.31 percent) and internal
medicine (7.57 percent). Three specialties which had seen some
of the largest increases in 2003 received among the lowest
increases for 2004: Cardiology increased by 0.07 percent,
cardiac/thoracic surgery by 1.13 percent, and gastroenterology
by 1.07 percent.
“We are
gratified to see that primary care specialties are finally
seeing increases,” said Donald W. Fisher, PhD, the
president and chief executive officer of the American Medical
Group Association. “This year, however, increases across
the board were below 9 percent, after years of sharp increases
in certain high-demand specialties. As compensation increases
slow, the cost of practicing medicine continues to
rise.”
AMGA, headquartered in
Alexandria, Virginia, represents medical groups, including
large integrated health-care delivery systems. To purchase the
complete survey, go to www.amga.org
or contact
Stefan Rozga at 703-838-0033, ext. 326 or srozga@amga.org. g
Stefan Rozga at 703-838-0033, ext. 326 or srozga@amga.org. g
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Median physician compensation
By geographic region
|
 |
 |
 |
 |
|
specialty
|
east
|
west
|
south
|
north
|
|
Anesthesiology
|
$275,000
|
$298,000
|
$334,200
|
$334,033
|
|
Cardiology (General)
|
264,900
|
343,646
|
386,957
|
369,566
|
|
Cardiac & Thoracic
Surgery
|
387,298
|
343,050
|
421,240
|
469,860
|
|
Dermatology
|
225,000
|
289,409
|
322,138
|
263,201
|
|
Diag Radiology
(Interv’l)
|
345,860
|
410,000
|
537,942
|
410,250
|
|
Diag Radiology
(Non-interv’l)
|
330,000
|
350,224
|
383,319
|
383,256
|
|
Emergency Care
|
200,327
|
228,814
|
225,905
|
239,984
|
|
Endocrinology
|
166,675
|
185,000
|
177,665
|
201,241
|
|
Family Medicine
|
141,225
|
166,750
|
163,417
|
168,488
|
|
Gastroenterology
|
263,594
|
325,698
|
325,033
|
306,994
|
|
General Surgery
|
258,028
|
275,336
|
301,761
|
330,903
|
|
Gynecology & Obstetrics
|
232,276
|
240,118
|
258,756
|
275,419
|
|
Hematology/Oncology
|
207,300
|
261,004
|
293,043
|
255,007
|
|
Hospitalist
|
153,515
|
175,084
|
183,775
|
171,913
|
|
Hypertension & Nephrology
|
186,683
|
238,750
|
253,228
|
214,751
|
|
Infectious Disease
|
161,206
|
179,402
|
175,000
|
203,640
|
|
Internal Medicine
|
158,824
|
171,246
|
167,740
|
170,511
|
|
Neurology
|
180,882
|
199,614
|
204,000
|
201,241
|
|
Neurological Surgery
|
352,352
|
495,266
|
553,500
|
465,006
|
|
Occ/Environmental Med
|
157,611
|
182,159
|
173,541
|
187,470
|
|
Ophthalmology
|
232,863
|
254,743
|
276,280
|
304,994
|
|
Orthopaedic Surgery
|
336,163
|
374,942
|
390,270
|
393,249
|
|
Otolaryngology
|
250,390
|
282,966
|
303,011
|
320,007
|
|
Pathology
|
245,422
|
247,764
|
252,000
|
268,500
|
|
Peds/Adolescent Med
|
155,916
|
168,301
|
191,511
|
168,609
|
|
Psychiatry
|
155,673
|
197,021
|
168,160
|
177,000
|
|
Pulmonary Disease
|
199,831
|
249,865
|
225,400
|
228,359
|
|
Rheumatology
|
153,000
|
192,026
|
181,525
|
193,301
|
|
Urgent Care
|
179,300
|
179,357
|
180,395
|
173,683
|
|
Urology
|
270,493
|
302,600
|
351,585
|
358,008
|
Charts reprinted with permission from the
2005 Medical Group Compensation & Financial Survey
copyright ©2005 American Medical Group Association (www.amga.org).
copyright ©2005 American Medical Group Association (www.amga.org).
