Is new physician pay growing?

New physicians are making more post-residency than they were in 2019, according to the Medical Group Management Association’s “Provider Compensation and Productivity Data Report.”

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The report, released May 28, included 2023 data from more than 211,000 physicians and advanced practice providers. 

Here’s how median compensation for newly hired post-residency physician has changed:

Primary care physicians:

2022-23: 1.96% increase

2019-23: 12.59% increase

Surgical specialists:

2022-23: 13.24% increase

2019-23: 16.92% increase

Nonsurgical specialists:

2022-23: 3.64% decrease

2019-23: 6% increase

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

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

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