5 things looking up for physicians

Here are five statistics showing signs of positive change for physicians:

Advertisement

1. According to Medical Economics’ 2024 “Physician Report,” physician owners on average earn more than nonowners. Physician owners earned $295,000 in 2023, compared to non- owners’ average $283,000. 

2. According to data from the Bureau of Labor Statistics, the U.S. added 55,000 jobs in July, accounting for 48% of all new employment in the country that month. 

3. Healthcare and social assistance is projected to grow more quickly than any other sector between 2022-2032, projected to account for about 45% of all job growth in the 10-year period, according to a BLS report released in September 2023. 

4. Accounting for medical school debt, six in 10 physicians still have a net worth that exceeds that of the average American family. 

5. Twenty-eight percent of physicians have a net worth ranging between $2 million and $4.9 million in 2024, according to Medscape’s 2024 “Physician Wealth & Debt Report” published in June.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC News

Advertisement

Comments are closed.