May 25, 2023 – The Medical Group Management Association released its 34th annual DataDive Provider Compensation report revealing the impact of staffing shortages and inflation challenges on physician compensation gains and productivity in 2022. The report features data from nearly 190,000 providers from over 6,800 organizations to provide a better look into the industry, as well as strategies for healthcare leaders to move forward.
Here are some key takeaways:
- Productivity remained relatively flat or only slightly increased relative to pre-pandemic benchmarks, with the biggest change in work RVUs posted in dermatology, hematology/oncology, and family medicine (without OB).
- The growth in median total compensation for primary care physicians (PCPs) doubled from 2021 (2.13%) to 2022 (4.41%), but was outpaced by inflation at 7% and 6.5%, respectively.
- Surgical and nonsurgical specialists saw their change in median total compensation cool slightly in 2022, dropping from 3.89% for surgical specialists in 2021 to 2.54% in 2022, and from 3.12% for nonsurgical physicians in 2021 to 2.36% in 2022.
- APPs — who saw the biggest change in median total compensation from pre-pandemic levels — saw their 2022 growth ebb slightly to 3.70%, down from 3.98% growth in 2021.