Compensation Issues

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Physician pay increases 2.8% in 2014: 5 more compensation survey findings

Physicians saw an overall average increase of 2.8 percent in their compensation in 2014, according to the American Medical Group Association's "2015 Medical Group Compensation and Productivity Survey."

The survey data was gathered from 251 medical groups, representing more than 73,000 providers, 134 physician specialties and 27 other provider specialties.

Here are five physician compensation findings gleaned from the survey.

1. Roughly 75 percent of physician specialties experienced increases in compensation in 2014.

2. The overall weighted average increase in 2014 compensation was 2.8 percent, which is similar to the average increase in from 2012 to 2013, which was 2.9 percent.

3. Primary care specialists saw a compensation decrease of 0.3 percent in 2014, down from a weighted average increase of 3.8 percent in 2013.

4. Other medical specialists saw an average increase of 3.2 percent, up from 1.8 percent in 2013, and surgical specialties saw an average increase of 2.0 percent, down from 3.0 percent in 2013.

5. The specialties that experienced the largest compensation increases in 2014 include:

  • Hematology and medical oncology — 10.8 percent
  • Pulmonary disease (without critical care) — 10.4 percent
  • Dermatology — 8.3 percent
  • Cardiology-catheter lab (invasive interventional) — 8.1 percent
  • Gastroenterology — 7.4 percent; and
  • Hypertension — 7 percent
  • Nephrology — 7 percent

 

 

More articles on compensation:
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2014 physician salary by specialty

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