The firm published its “Cardiovascular Provider Compensation and Production Survey Report” on Oct. 16.
Here are 10 things to know from the report:
- More than 5,600 cardiovascular physicians and advanced practice providers responded to the survey.
- Of the respondents, 88% were employed or leased by a hospital or health system and 12% were in private practice. Of the private practice respondents, 50% were part of a private equity portfolio.
- The median total compensation per cardiologist by ownership model in 2023 was $688,809 for integrated models and $616,382 for private practice, up from 2022 totals of $645,388 and $588,272, respectively.
- The median compensation per cardiologist by subspecialty in 2023, regardless of ownership model, was:
- Invasive: $755,468
- Electrophysiology: $741,895
- Interventional: $730,119
- General/Noninvasive: $624,891
- Advanced heart failure: $619,990
- The median compensation per cardiologist by geographical region was:
- South: $710,936
- West: $655,722
- Midwest: $647,600
- Northeast: $646,576
- The median compensation per cardiologist by age, ranked here highest to lowest, was:
- 51 to 60: $718,645
- 41 to 50: $690,358
- 61 to 70: $660,000
- 40 or younger: $630,268
- 71 and older: $537,891
- The median compensation for cardiologists age 35 and younger increased from $523,257 in 2022 to $597,393 in 2023.
- The median compensation per cardiovascular surgeon by specialty in 2023 was $928,081 for cardiac surgeons and $650,107 for vascular surgeons.
- The media nonclinical compensation per cardiologist increased from $52,880 in 2022 to $63,054 in 2023.
- The median compensation for cardiovascular advanced practice providers in 2023 was:
- Cardiac surgery: $152,883
- Vascular surgery: $133,474
- Cardiology: $123,572
