Compensation is up for physicians in every specialty, according to the American Medical Group Association’s 2006 Medical Group Compensation and Financial Survey. In 2005, primary care specialties continued their compensation climbs of 2004 with average increases of 8 percent, as specialists experienced increases of 5 to 6 percent over 2004.
Over the last three years, dermatologists have garnered the largest percentage increases, earning 12 percent more in 2005 than 2004, and 38.7 percent more in 2005 than 2002. Pathologists (28.36%), noninterventional diagnostic radiologists (26.98%), gastroenterologists (26.78%), and pediatricians (26.72%) followed dermatologists for the highest increases over three years. Family physicians, internists, and pediatricians received between 19.7 and 26.7 percent increases.
Finally, the survey revealed that starting salaries for experienced physicians are somewhat higher than starting salaries for new physicians. In most specialties, experience does have its advantages.
The AMGA mailed the survey to more than 2,600 medical groups across the country and received valid responses from 218 groups, representing about 35,000 physicians.
To purchase the complete survey, go to www.amga.org or contact Stefan Rozga at 703-838-0033, ext. 326 or [email protected]