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This report reveals trends across cardiology, surgery, APPs and non-clinical compensation. Although the findings reflect data prior to the effects of the COVID-19 pandemic, this report may be more important than ever as cardiovascular organizations across the country face a new normal and are reevaluating compensation models and the definition of work productivity.
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All regions of the country reported increases in median total cardiology compensation with the South remaining in the lead. |
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EP ($678,495) and interventional physicians ($674,910) are the top earners. |
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Although the gap has narrowed over the years, cardiologists in integrated ownership models out-earn private physicians at every subspecialty level. |
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Data showed groups in the top quartile for their deployment of APPs per cardiologist were able to maintain significantly larger (22%) patient panel sizes. |
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Advanced heart failure physicians reported the lowest wRVU production per FTE, yet their compensation per wRVU is high compared to other specialties. There was a decline in discharge volumes per cardiologist potentially due to procedures like elective PCI moving to the ambulatory setting. |
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The new normal calls for new compensation strategies. MedAxiom's Consulting Team can help you: