How Has Cardiologists’ Compensation Evolved Over the Past 5 Years?

Compensation for cardiologists has compressed in recent years as federal and state regulators kept a more watchful eye on cardiology procedures and reimbursement patterns.

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According to Merritt Hawkins‘ 2012 report on physician recruiting incentives, the average base salary offered to noninvasive cardiologists has fallen by more than $20,000 over the past several years. Starting base salaries exceeding $600,000 are also few and far between.

However, invasive cardiologists have seen some stability in their average base salaries since 2009. Their average offered base salary was $512,000 last year compared with $495,000 three years ago.

Here are the offered base salaries for invasive cardiologists and noninvasive cardiologists over the past several years. (Note: Merritt Hawkins has only tracked offered incomes for invasive cardiologists since 2009.)

Noninvasive cardiologists

Year

Low

Average

High

2011-2012

$275,000

$396,000

$600,000

2010-2011

$270,000

$420,000

$525,000

2009-2010

$315,000

$420,000

$600,000

2008-2009

$180,000

$419,000

$880,000

2007-2008

$250,000

$392,000

$1 million

Invasive cardiologists

Year

Low

Average

High

2011-2012

$400,000

$512,000

$650,000

2010-2011

$380,000

$532,000

$650,000

2009-2010

$325,000

$495,000

$680,000

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