• Industry News
  • Access and Reimbursement
  • Law & Malpractice
  • Coding & Documentation
  • Practice Management
  • Finance
  • Technology
  • Patient Engagement & Communications
  • Billing & Collections
  • Staffing & Salary

2016 Physician Compensation Survey Results


The 2016 Physician Compensation survey reveals the cost of business is increasing for physicians, while income is staying relatively the same.

The cost of business is going up for physicians, according to this year's Physicians Practice Physician Compensation survey.Last year, 32.4 percent of physicians estimated that overhead was 41 percent to60 percent of their revenue. In this year's survey, which included 1,095 physician respondents across multiple specialties, that number shot up to 40.4 percent. The percent of those paying a low percentage of overhead (1 percent to20 percent) decreased from 24 percent last year to 16.6 percent this year. Furthermore, 32 percent said that the cost of overhead was greater for them than it was last year.This rising financial burden may be a problem for many physicians, whose income has stagnated. Nearly 40 percent of respondents said their income was the same as last year, while 28.7 said it went down, and 31.8 percent said it went up. This has, of course, left many physicians disappointed (44.7 percent of respondents).The Physicians Practice Physician Compensation reveals all of this information and more. For more on the rising costs of overhead, read: "Keeping Medical Practice Overhead Down."Physicians Practice will have more results from the 2016 Physician Compensation survey and related content in the coming weeks, stay tuned.  

Related Videos
Stephanie Queen gives expert advice
Medical student Charles White gives advice
Charles White gives his expertise
Charles White gives his advice
Charles White shares his experience as a medical student
Kelsey O'Hagan gives expert advice
Kelsey O'Hagan gives expert advice
Colin Carr gives expert advice
Colin Carr gives expert advice
Colin Carr gives expert advice
Related Content
© 2024 MJH Life Sciences

All rights reserved.