- Growth in median total compensation for primary care physicians doubled last year, from pay growth of 2.13% in 2021 to 4.41% in 2022. However, the growth failed to overtake inflation, which increased 7% in 2021 and 6.5% in 2022, according to a survey by the Medical Group Management Association.
- Compensation for family medicine physicians (not including those in obstetrics) increased by 10.57% while urgent care physicians saw a comparably smaller increase at 0.13%.
- Meanwhile, physician-owned practices experienced higher productivity compared with doctors at hospital-owned practices. Nonsurgical specialists collected $172,221 from 185 total encounters compared with $96,580 from 65 total encounters for surgical specialists.