Physician compensation grew 4.9% in the last year, with a significant uptick for primary care physicians and specialists, according to the “AMGA 2025 Medical Group Compensation and Productivity Survey.”
The organization gathered data from more than 184,000 providers in 500 medical groups. The top findings include:
- Primary care physicians reported 5.7% year-over-year pay increase, up from 3.6% last year but down from 6% in 2023. The average primary care compensation is $329,780, according to the report. Family medicine physicians reported $330,216, internal medicine physicians reported $347,750 and general pediatricians reported $295,248 on average compensation for 2025.
- Medical specialists saw a 4% year-over-year pay increase, while surgical specialists followed closely with a 3.7% bump. Similarly, anesthesia, radiology, and pathology specialists also reported a 5.1% increase in compensation over the past year.
- The top three medical specialties with more than 2,000 providers surveyed reported average annual pay of $516,448 for 2025. Here is a breakdown of the top three specialties:
- General cardiology: $615,621
- Gastroenterology: $633,422
- Hematology and medical oncology: $556,750
4. Work relative value units grew 1.5% year over year, indicating increased patient visits. The wRVU annual increased breakdown by specialty is:
- Primary care: 1.9% (down from 5% growth last year)
- Medial specialties: 3.2% (down from 5.2% growth last year)
- Surgical specialties: 1.1% (down from 4.8% growth last year)
- Radiology / anesthesiology / pathology: 1.8% (down from 5.8% last year)
The wRVU stabilized after big fluctuations during the pandemic. Typical increases before the COVID-19 pandemic were 2% to 3%.
- Productivity increased 2.1% for the top three primary care specialties, and compensation-per-wRVU ratio increased 3.4%.
