ASC
- Cardiology is the fastest growing ASC specialty, according to Avanza’s “2022 Key ASC Benchmarks and Industry Figures” report.
- Cardiology is among the ASC specialties that received the highest estimated Medicare payment increases in 2021, according to Avanza’s “2022 Key ASC Benchmarks and Industry Figures” report.
Salary and wealth
- The average annual compensation for cardiologists is $490,000, according to Medscape’s “Physician Compensation Report 2022.”
- Cardiologist pay saw a 7 percent increase over 2021, according to Medscape’s “Physician Compensation Report 2022.”
- The average incentive bonus for cardiologists is $85,000, according to Medscape’s “Physician Compensation Report 2022.”
- Fifty-seven percent of cardiologists feel they are fairly compensated, according to Medscape’s “Physician Compensation Report 2022.”
- Independent cardiologists consistently outearn their employed counterparts in five major U.S. cities: Atlanta, Chicago, Los Angeles, New York City and Phoenix, according to Medscape’s physician salary explorer.
- Twenty-three percent of cardiologists are worth $5 million or more, according to Medscape’s “Physician Wealth & Debt Report 2021.”
- Sixteen percent of cardiologists reported a net worth of less than $500,000, according to Medscape’s “Physician Wealth & Debt Report 2022.”
Miscellaneous
- Cardiology has the highest projected shortage of physicians — 7,080, according to Physicians Thrive’s “2022 Physician Compensation Report.”
- Ninety-two percent of cardiologists surveyed said they would choose the same specialty again, according to Physicians Thrive’s “2022 Physician Compensation Report.”
- Sixteen percent of cardiologists said they are still paying off student loans, according to Medscape’s “Physician Wealth & Debt Report 2022.”
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.
