2024 Cardiovascular Provider Compensation and Production Survey Report Launches

Cardiology Compensation and Production Reflect Post-Pandemic Changes to Provider Market

News | Published: Wednesday, October 16, 2024

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MedAxiom has released the 2024 Cardiovascular Provider Compensation and Production Survey Report, revealing trends across cardiology, surgery, advanced practice providers (APPs) and non-clinical compensation. This report – powered by MedAxcess, the cardiovascular industry’s leading proprietary database and business intelligence application – reflects post-pandemic changes to the provider market through shifting practice ownership models, provider compensation and production trends, and the growing importance of team-based care. 

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2024 Report Highlights: 

1. Nearly 50% of all private practice groups were also part of a private equity portfolio, up from zero a few years ago.  
2. For the first time in over a decade, invasive cardiologists were the top earners in both private and integrated ownership cohorts in median total compensation, with electrophysiology (EP), invasive and interventional cardiologists all exceeding $700,000 per full time physician.  
3. The median compensation for private practice advanced practice providers (APPs) ($126,583) pulled ahead of compensation for APPs in integrated programs ($122,873).  
4. Responses to the 2024 survey reflect the expanding diagnostic role of advanced imaging in cardiology as witnessed by the increase in the ratio of advanced imaging to cardiac catheterizations (caths) with the median doubling over five years.  

“As cardiovascular leaders are faced with challenging questions about how to best deliver care in the future, an accurate map of the current cardiovascular ecosystem is indispensable,” said Jerry Blackwell, MD, MBA, FACC, MedAxiom’s president and CEO. “ This map is generated by data from MedAxcess. 

“MedAxcess, which powers the survey, is more than the data source for this annual report,” said Karen Wilson, MHA, MedAxiom’s vice president of Member Services and a report co-author. “It is a dynamic database and powerful tool that supports informed decision-making and drives cardiovascular care transformation.” Several upgrades to MedAxcess have been implemented in the past year to streamline the data submission and reporting experience. 

We are proud to report that the 2024 survey report includes data from 202 programs, the largest number of submissions to date, representing 5,663 cardiovascular providers.  Of the 5,663 providers who responded, 2,750 were full-time (FT) cardiovascular physicians and 1,855 were FT cardiovascular APPs. Learn more about submitting your data at MedAxiom.com/MedAxcess.  

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