HealthExec May 30, 2024
A report from the Medical Group Management Association (MGMA) shows primary care physicians received a pay increase last year, taking home an average salary of $300,000. The increase of 4.44% since 2022 is for primary care doctors at independent and hospital-owned practices alike.
Similarly, surgical specialists received a collective raise of 4.42%, with an average salary of $554,108, up from $530,649 in 2022.
Specialists who are not surgeons fared worse, seeing average compensation grow only 1.81% to an average of $432,983 in 2023.
The report is based on data from 211,000 physicians and advanced practice providers practicing nationwide. The increase in pay aligns with an increase in productivity for both independent and hospital-owned practices, MGMA said.
“Despite being...
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