Physician compensation at physician-owned practices since 2006 has mostly met or exceeded that of hospital-owned practices, according to MGMA.
Cardiology and orthopedic surgery were the only exceptions in 2021. Both specialties have seen higher compensation at hospital-owned practices since 2011, according to a Sept. 2022 report, "Performance and Practices of Successful Medical Groups."
Here is how median compensation compared between physician-owned and hospital-owned practices from 2006 to 2021:
|
Specialty |
Median compensation in physician-owned practices as a percentage of compensation in hospital-owned practices | |||
|---|---|---|---|---|
| 2006 |
2011 |
2016 |
2021 | |
|
Cardiology (noninvasive) |
100.1% |
89.8% |
84.3% |
91.7% |
|
Family medicine (without OB) |
105.3% |
104.1% |
105.6% |
114.9% |
|
Internal medicine (general) |
100% |
103.4% |
100.4% |
110% |
|
Orthopedic surgery (general) |
106.2% |
90.5% |
96% |
91.8% |
|
Radiology (diagnostic) |
100% |
100.7% |
90.6% |
105.3% |
|
Surgery (general) |
106.3% |
100.9% |
101.1% |
105.2% |
|
Urology |
106.2% |
98.4% |
95.3% |
105.7% |