Compensation

10 Statistics on Average Physician Compensation to Collections Ratios

Primary care physicians have historically been compensated less than specialists in overall salary and benefits, and the same trend holds true when it comes to average compensation to collections ratios, according to the Medical Group Management Association’s Physician Compensation and Production Survey: 2011 Report Based on 2010 Data.

Compensation to collections ratios show how much a physician is paid for every dollar they collect. For example, primary care physicians had an average compensation to collections ratio of 0.558, meaning they were compensated 55.8 cents of every dollar collected. Comparatively, specialists had a 0.702 ratio, or were compensated 70.2 cents for every dollar collected.

Here are the average compensation to collections ratios for primary care physicians and specialists from 2010, the most recent figures available:

Overall Compensation to Collections Ratio:

  • Primary care physicians: 0.558
  • Specialty care physicians: 0.702
  • Single-Specialty Practice Compensation to Collections Ratio:
  • Primary care physicians: 0.606
  • Specialty care physicians: 0.740
  • Multispecialty Practice Compensation to Collections Ratio:
  • Primary care physicians: 0.551
  • Specialty care physicians: 0.668
  • Hospital-Owned Practice Compensation to Collections Ratio:
  • Primary care physicians: 0.577
  • Specialty care physicians: 0.779
  • Independently Owned Practice Compensation to Collections Ratio:
  • Primary care physicians: 0.537
  • Specialty care physicians: 0.658

25 Highest-Paid Specialties: Salaries for Hospital-Employed Physicians
Hospitals are purchasing physician practices and employing physicians at some of the highest levels in roughly two decades. Here are the top 25 highest-paid physician specialties, with average salary figures, that were in hospital-owned practices based on the most recent data from the Medical Group Management Association’s Physician Compensation and Production Survey: 2011 Report Based on 2010 Data.

Orthopedic surgery — spine: $714,088
Neurological surgery: $701,927
Cardiovascular surgery — pediatric: $681,408
Neurological surgery — pediatric: $656,282
Cardiology — electrophysiology: $601,111
Orthopedic surgery — hip and joint: $589,267
Cardiology — invasive-interventional: $586,765
Dermatology — Mohs surgery: $586,083
Cardiovascular surgery: $567,171
Orthopedic surgery — trauma: $562,688
Cardiology — invasive: $550,000
Orthopedic surgery — sports medicine: $550,000
General orthopedic surgery: $526,398
Radiology — diagnostic-invasive: $513,000
Pediatric surgery: $505,281
Anesthesiology — pain management: $502,775
Orthopedic surgery — pediatric: $489,500
Radiology — diagnostic-noninvasive: $485,334
Anesthesiology — pediatric: $482,299
Radiation oncology: $477,807
Thoracic surgery: $475,708
Orthopedic surgery — hand: $475,370
OB/GYN — maternal and fetal medicine: $473,227
Orthopedic surgery — foot and ankle: $469,492
Dermatology: $465,543

Website by: HiringHook.com