Becker's Healthcare August 2, 2024
The rising cost of labor is among the core concerns at healthcare organizations across the U.S., including on the physician side.
Kaufman Hall’s May “National Hospital Flash Report,” which is based on data from more than 200,000 providers, found that on the physician side, labor expenses accounted for 84% of total expenses in the first quarter.
The American Medical Group Association, a trade organization that represents multispecialty medical groups and integrated health systems, also recently released its Medical Group Compensation and Productivity Survey, which concluded that physician pay and productivity trends are unsustainable.
In conversations with Becker’s, leaders with AMGA Consulting discussed the physician pay landscape. Here are six takeaways:
1. Significant productivity increases are driving compensation increases...
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