Total compensation among providers has risen at a rate of 7 percent to 11 percent in the last five years, according to a report from the Medical Group Management Association.
The association's report includes data from 147,000 physicians and providers from more than 5,500 organizations.
Three key report details:
1. Physicians in the Midwest and Southern regions of the U.S. reported the highest compensation in 2018. The region with the lowest physician compensation rates was the Eastern part of the U.S.
2. Guaranteed compensation for newly hired urologists, cardiologists and emergency medicine physicians grew between 2017 and 2018:
- Urologist compensation grew from $312,500 to $375,000
- Cardiologist compensation grew from $400,000 to $485,000
- Emergency medicine physician compensation grew from $207,360 to $291,194
3. The specialties that experienced the greatest increases in compensation between 2017 and 2018 included neurology and neurosurgery, general OB-GYN, noninvasive cardiology and diagnostic radiology.