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Physician practice owners took a pay cut last year, according to the results of the 85th exclusive Medical Economics Continuing Study, an annual survey that examines physician earnings.
Physician practice owners took a pay cut last year, according to the results of the 85th exclusive Medical Economics Continuing Study, an annual survey that examines physician earnings.
Average incomes for physicians with an ownership stake in practice dropped nearly 6% to $244,000 in 2012 from $260,000 in 2011, according to the data. The mean incomes for employed physicians (including some specialties) climbed to $216,000 this year, up from $211,000 last year (2% increase).
While internal medicine posted a slight increase over last, those gains were not experienced by family physician who noted a 2% decline overall (Table, p. 23). The most significant income gains were noted for pediatrics, urologists, psychiatrists, and gynecologists. Conversely, declines were posted by physicians working in emergency and acute care, ophthalmologists, hospitalists, and cardiologists.
Some of the other survey results include:
Here are links to some of the other stories in this 2013 report:
Flat, declining salaries inflate physician worries over payments, red tape
What primary care physicians earn: A five-year review (chart)
Primary care physician earnings by gender (chart)
Primary care physician earnings by community (chart)
Primary care physician earnings by region (chart)
Productiving in primary care is geared for a revival
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