Physician Salaries Continue Upward Trend in 2016
HealthDay News — The AMGA 2017 Medical Group Compensation and Productivity Survey reports that 77% of physician specialties experienced increases in compensation in 2016, with an overall weighted average increase of 2.9%.
According to the report, primary care specialists saw an increase of 3.2%, similar to the 3.6% increase in 2015, while other medical specialties saw an average increase of 2.8%, comparable to the 3.0% increase in 2015. For surgical specialties, the average increase was 2.0%, down from 3.6% in 2015.
Based on data from 269 medical groups, representing more than 102,000 providers, the largest increases in 2016 were seen in ophthalmology surgery (7.7%), cardiac/thoracic surgery (7.0%), hematology and medical oncology (6.7%), allergy/immunology (5.9%), and pulmonary disease (5.6%). The biggest change was seen in emergency medicine, which had a 2.0% decrease in compensation in 2016, compared with a 9.6% increase in 2015.
"With 61% of groups responding that some of their physicians' compensation was based on the achievement of value-based measures, the move to value-based incentives is happening, albeit at a slower pace than anticipated," Tom Dobosenski, president of AMGA Consulting, said in a statement. "However, value-based incentives do not lessen the economic pressures on medical groups, as they do not necessarily mean reductions in compensation."