Cardiologist shortage is coming: 5 things to know

PYA, a national healthcare consulting and accounting firm, recently released an infographic and supplementary study examining cardiologist supply, demand and pay.

Five findings:

Supply

1. There were about 22,058 active U.S. cardiologists in 2015, according to the Association of American Medical Colleges

2. The association reported the number of cardiologists increased 1.1 percent from 2010-2015, while the number of overall physicians increased 7.7 percent.

3. About 20 percent of cardiologists are in private practice today compared to nearly 80 percent a decade ago, according to data from MedAxiom.

Demand

4. A Health Affairs report showed the demand for cardiologists will increase as much as 18 percent annually between 2013 and 2025 amid the aging population and growing disease burden in the U.S.

Compensation

5. The national median clinical compensation for noninvasive cardiologists was $467,941 in 2017, up from $420,906 in 2013, various industry data analyzed by PYA shows. The national median clinical compensation for invasive/interventional cardiologists increased at a compound annual growth rate of 2 percent during that time , from $546,806 to $595,157.

Access the full PYA study here. The infographic is available here.

 

 

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