Healthcare Finance News May 26, 2023
Physician-owned practices reported higher levels of compensation than hospital-owned practices.
Physician compensation is on the rise but not keeping pace with inflation, according to the Medical Group Management Association’s 34th annual DataDive Provider Compensation report.
Although growth in median total compensation for primary care providers doubled from 2021 to 2022, from 2.13% to 4.41% respectively, it couldn’t overtake inflation rates of 7% and 6.5%.
WHY THIS MATTERS
The report reveals the impact of staffing shortages and inflation challenges on physician compensation, MGMA said.
Compensation growth depended on the physician specialty. Over the past three years,...
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