Specialists’ compensation increased 4.4% to $443,881 last year from $425,136 in 2017, according to the 2019 MGMA DataDive Provider Compensation, which comes from a dataset of 147,000 providers from more than 5,800 organizations including doctor, hospital and academic-owned practices.
Primary care physician compensation has surpassed $266,000 a year while specialist pay has eclipsed $443,000, the Medical Group Management Association says.Primary care physician compensation has surpassed $266,000 a year, continuing to increase at a faster rate over the last five years than specialist pay at $443,000 as more doctors are rewarded to keep patients healthy, satisfied and out of the hospital.
The Medical Group Management Association annual compensation survey is the latest analysis showing the shift to value-based models rewards those in primary care fields like internists, pediatricians and family practice doctors. The emphasis on primary care also keeps salaries up for these doctors who are in demand as physician staffing firm“Primary care is the lynchpin in providing preventive care and managing chronic conditions,” MGMA president and chief executive officersaid.
MGMA’s analysis shows median primary care doctor compensation rose 3.4% to $266,500 in 2018 from a year earlier. Meanwhile, specialists’ compensation increased 4.4% to $443,881 last year from $425,136 in 2017, according to the, which comes from a dataset of 147,000 providers from more than 5,500 organizations including doctor, hospital and academic-owned practices.
Over the last five years, median specialist compensation has risen 7.78% while all primary care compensation has risen 10.46% to $266,500 in 2018 from $241,273 in 2014. Though pay increases of specialist physicians have begun to increase as fast or in some cases faster than primary care doctors, the pay trend generally favors primary care doctors thanks to new value-based pay models from insurance companies and Medicare that reward primary care doctors who work to keep patients healthy and out of the more expensive hospital setting.
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Doctor Pay Hits $266K For Primary Care, $443K For SpecialistsSpecialists’ compensation increased 4.4% to $443,881 last year from $425,136 in 2017, according to the 2019 MGMA DataDive Provider Compensation, which comes from a dataset of 147,000 providers from more than 5,800 organizations including doctor, hospital and academic-owned practices.
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