MedAxiom released its 2024 Cardiovascular Provider Compensation and Production Survey results Oct. 15, detailing post-pandemic changes to the cardiovascular provider market and shifts in practice ownership models, compensation and production trends.
The 2024 report includes 2023 data collected from 202 cardiovascular programs representing 5,663 total cardiovascular providers.
Here are four takeaways from the survey:
1. Almost 50% of all private practice groups were a part of a private equity portfolio, up from none several years ago.
2. Invasive cardiologists were the top earners in both private and integrated ownership cohorts for the first time in over a decade. The median total compensation for electrophysiology, invasive and interventional cardiologists exceeded $700,000 per full-time physician.
3. In 2023, the median compensation for advanced practice providers in private practice was higher than the compensation for APPs in integrated programs.
4. The 2024 survey reflected the "expanding diagnostic role of advanced imaging in cardiology," evidenced by the increase in the ratio of advanced imaging to cardiac catheterizations, with the median doubling over five years.