Advisory Board June 3, 2024
Provider compensation increased for the fourth consecutive year among primary care and nonsurgical specialty physicians, with dermatologists seeing the largest compensation increase from 2022 to 2023, according to a new report from the Medical Group Management Association (MGMA).
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Report details
For the report, MGMA surveyed more than 211,000 physicians and advanced practice providers (APPs).
The report found that the largest gains in total median compensation in 2023 compared to 2022 were among primary care physicians (4.44%) and surgical specialists (4.42%), while nonsurgical specialists only saw an increase in compensation of 1.81%.
In addition, primary care and specialist compensation increases kept up with the 3.4% increase in the Consumer Price Index...
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