The compensation divide between self-employed, employed physicians is shrinking

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New American Medical Association data shows that between 2014 and 2024, physician-owners drew a growing share of their income from salary and a shrinking share from productivity and practice financial performance.

The AMA’s “Policy Research Perspectives Report” includes 2024 data from the AMA’s Physician Practice Benchmark Survey.

Here is mean physician compensation shares by employment status: 

MethodOwners 2014Owners 2024Employed 2014Employed 2024
Salary30.7%35.0%66.5%69.5%
Productivity41.6%40.8%25.1%21.9%
Practice financial performance22.5%18.2%3.5%2.5%
Bonus4.1%4.5%3.7%4.8%
Other1.0%1.2%1.2%1.2%

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