Physician and surgeon compensation varies widely by state and provider type, according to the most recent data on provider compensation in the 2023 MGMA report.
Compensation Issues
Advanced practice providers have seen modest increases in compensation from 2021 to 2022, based on data from the 2023 MGMA report on provider compensation.
A majority of physician specialties experienced a moderate increase in compensation from 2019 to 2022 while productivity remained relatively consistent, according to the 2023 MGMA data report on provider compensation.
Physicians are seeing a shift towards salary-based payment models in 2023, moving away from production models, according to the 2023 "MGMA DataDive Provider Compensation" report, which collected data from nearly 190,000 providers across 6,800 organizations.
Providers coming out of residency positions and joining new practices in 2022 earned more than their pre-pandemic counterparts in 2019, according to the 2023 "MGMA DataDive Provider Compensation" report, which collected data from nearly 190,000 providers across 6,800 organizations.
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Competition for physicians and advanced practice providers has grown since the beginning of the pandemic, with hospitals and health centers offering higher salaries and incentive bonuses to entice and retain employees.
The following hospitals and health systems have announced or shared plans for raising workers' pay since April 28.
According to the Bureau of Labor Statistics, certified registered nurse anesthetists in the U.S. earn an average hourly wage of $98.93, but wages can vary based on the cost of living in every state.
Physician assistants in the U.S. make an average of $125,270 annually, according to the latest data released April 25 by the U.S. Bureau of Labor Statistics, but wages can vary based on the cost of living in every state.
Surgeons, excluding oral and maxillofacial surgeons, earn $167.25 per hour on average, according to data published April 25 from the Bureau of Labor Statistics' occupational employment statistics survey.