{"id":4077,"date":"2016-07-28T09:30:48","date_gmt":"2016-07-28T14:30:48","guid":{"rendered":"http:\/\/kbicblog.com\/blog\/academic-medicine\/?p=4077"},"modified":"2016-10-06T13:46:09","modified_gmt":"2016-10-06T18:46:09","slug":"average-physician-compensation-jumps-3-1-percent","status":"publish","type":"post","link":"https:\/\/kbicblog.com\/academic-medicine\/average-physician-compensation-jumps-3-1-percent\/","title":{"rendered":"Average Physician Compensation Jumps 3.1 Percent"},"content":{"rendered":"

\"Average<\/a>But Salaries aren’t Thriving…<\/h3>\n

I was about 20 years old, working in the yard with my father one weekend, when I summoned up the nerve to ask him how much money he made as a physician. He candidly told me that he and his medical partner, my uncle, had \u201ca pretty good\u201d past year. After expenses, the two doctors had split about $210,000. That was 35 years ago.<\/p>\n

Adjusted for inflation, dad would be earning over $305,000 today practicing internal medicine. That\u2019s well ahead of the income for today\u2019s \u201cprimary care doctors.\u201d<\/p>\n

According to results from the new 2016 American Medical Group Association Medical Group Compensation and Productivity Survey<\/a>, while the financial story is mildly better for doctors in group medical practices today, when factoring in the expenses of life and business, incomes remain mostly stagnant.<\/p>\n

Based on the analysis of 92,000 group doctors from 138 medical specialties, 74% of physician specialties realized compensation increases in 2015. The average pay increase for these doctors last year was 3.1% \u2013 similar to the 2.8% bump in 2014. But even in this age of relatively low inflation, those salary numbers aren\u2019t thriving.<\/p>\n

Summary findings include:<\/strong><\/p>\n