Radiologist pay increases failing to keep pace with surging consumer prices

Radiology Business May 30, 2024
Marty Stempniak

Diagnostic radiologist pay increases have failed to keep pace with the rising consumer price index, according to new research released Tuesday.

Members of the specialty saw their compensation increase about 2.13% between 2022-2023 during a time when the CPI climbed 3.4%. The gap is even larger when tracing back to 2019, according to the Medical Group Management Association. Radiologist pay increased about 7.48% over a five-year period while the index—used the measure changes in the price of consumer goods—leapt 21%.

Physicians have been forced to work harder to keep up with inflation. Radiologist relative value units, which measure their volume of work, climbed 3.33% in 2023 and 7.11% over the last five years.

“Despite being faced with escalating overhead, declining...

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