New research from the University of Chicago is working to create an accurate picture of physician earnings.
Author: Patsy Newitt
Noncompete clauses affect between 37 and 45 percent of physicians, according to a report from the American Medical Association, and often can limit career growth and restrict physicians' ability to provide care in economically or socially marginalized communities.
The average physician earns $243,400 in wages and $350,000 in total individual income, according to recent data from the University of Chicago that aims to create an accurate picture of physician earnings.
UnitedHealth Group's Optum, parent company of ASC chain SCA Health, has made massive leadership moves in the last year.
As physicians increasingly migrate to employed models, some practices are focusing on prioritizing physician leadership.
While the ASC industry is largely fragmented, five major groups control a solid chunk of the market share, according to the VMG Health's "2023 Healthcare M&A Report."
As ASCs compete with hospitals for talent and resources, offering physicians ownership is one way to come out on top.
Suburban Chicago physician John Greager, MD, and his ASC will pay more than $757,000 to settle allegations he submitted fraudulent claims to Medicare and the Federal Employees Health Benefits Program.
Abbott has overtaken Medtronic as the largest medical devicemaker in the world, according to Medical Product Outsourcing's 2023 report.
Physicians end friendships due to different social and political views, according to Medscape's 2023 "Physician Friendships Report".
