Forbes May 28, 2024
Primary care physician compensation surpassed $300,000 last year as doctor practices and the healthcare industry grapple with staffing issues in a tight labor market.
A new report by the Medical Group Management Association (MGMA) shows median primary care physician compensation rose 4.4% to $312,427 in 2023 compared to $299,157 in 2022. That compensation growth was about the same as surgical specialist compensation that rose 4.42% to $554,108 from $530,649. Nonsurgical specialist compensation rose only 1.81% to $432,983 last year compared to $425,265.
MGMA said the report reflects increased productivity of physicians in the wake of the COVID-19 pandemic, which included office shutdowns in 2020 and kept patients from seeing their physicians regularly through 2022 and into 2023. Though productivity of...
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