Here are five of the latest numbers on physician compensation:
$723,421: The average annual salary among orthopedic surgeons in the last year — a 5.5% increase year over year, according to an American Medical Group Association survey released July 12. Orthopedists were the highest-paid specialists in the last year, according to the report.
2.8%: The conversion factor reduction proposed by CMS for its physician fee schedule for 2025. This would set the proposed physician fee schedule conversion factor for 2025 at $32.36, down 3.34% from $33.29 in 2024.
4.3%: The median increase in overall physician net collections from 2023 to 2024, a smaller jump compared to that of 2022 to 2023, when it increased by 5.3%, according to the AMGA survey.
5.5%: The average increase in pay from 2023 to 2024 among surgical specialists.
$455,282: The average annual pay among colon and rectal surgery specialists in 2023, making it one of the lowest-paid ASC specialties, according to Doximity’s “Physician Compensation Report 2024,” published May 23.
