Altogether, 81 percent of specialties saw increases in compensation in 2008, with an average rise of around 3.5 percent, compared with 91 percent logging increases, also averaging at around 3.5 percent, in 2007.
Primary care (excluding hospitalists) saw about a 3.8 percent increase, up from 3.2 percent in 2007, and other medical and surgical specialties averaged a rise of around 6 percent, up from 3.7 percent in 2007.
Specialties experiencing the largest boost in compensation in 2008 were otolaryngology (8.63 percent), pathology (11.02 percent) and urgent care (7.33 percent).
Meanwhile, medical groups in most regions operated at a loss in 2008, with only groups in the Eastern region operating at break-even.
Groups in the Southern region lost an average of $120 per physician, up from -$1,919 per physician in 2007. Those in the Northern region lost $3,254 per physician, up from -$5,322 per physician in 2007. And those in the Western region lost $1,458 per physician, after showing profits of $4,453 per physician in 2007.
AMGA reported that many large groups have been investing in technology, operations and innovative care processes.
Read the AMGA release about large medical group compensation.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 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.
