– Four specialties saw an increase in pretax income between 2022 and 2023:
- Internal medicine: $270,000, up from $253,000 in 2022
- Family medicine: $265,000, up from $245,000 in 2022
- Pediatrics: $235,000, up from $216,500 in 2022
- OB-GYN: $290,000, up from 285,500 in 2022
– Physicians owners on average earn more than nonowners, according to Medical Economics’ 2024 “Physician Report,” which shows that physician owners earned $295,000 in 2023 and nonowners earned $283,000.
– ASC volume is expected to increase by 16% by 2032, with an 8% growth in volume by 2027, according to an August report from real estate services company Savills.
– Healthcare added 55,000 jobs in July, accounting for 48% of all new employment in the U.S. that month, according to data from the Bureau of Labor Statistics.
– Healthcare bankruptcies hit a five-year high in 2023, which saw 12 hospitals and health systems file for bankruptcy, but have slowed over the last three quarters, according to a report published Aug. 14 by Gibbins Advisors, a healthcare restructuring consulting firm.
– About 60% of physicians reported a net worth of $1 million in 2024, up just 1% from 2023.
– Even with medical school loans taken into account, six in 10 physicians have a net worth that exceeds that of the average American family.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
