Orthopedic surgeon pay vs. CMS rates since 2020

Since 2020, orthopedic surgeon pay has climbed, but the CMS physician conversion factor has steadily decreased over the last four years.

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Here is how the average orthopedic surgeon pay compares to CMS’ physician fee schedule over the last five years:

Note: Compensation data was provided by Medscape.

2024

Compensation: $558,000

CMS conversion factor: $32.74 (-3.4%)

2023

Compensation: $573,000

CMS conversion factor: $33.06 (-4.48%)

2022

Compensation: $557,000

CMS conversion factor: $33.59 (-3.73%)

2021

Compensation: $511,000

CMS conversion factor: $32.41 (-10%)

2020

Compensation: $511,000

CMS conversion factor: $36.09 (+0.14%)

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