MedAxiom has released its eighth annual Cardiovascular Provider Compensation and Production Survey report, revealing trends across cardiology, surgery, advanced practice providers (APPs) and non-clinical compensation. The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. At the end of the period, compare them with the administrations count to ensure that they are accurate. MedAxiom reported extensively on the impact of the pandemic on the cardiovascular community, with survey data collected in real-time showing volume declines of up to 50% in Spring 2020, then slowly but never fully recovering. Portions of such information may be incorrect or not current. This encourages physicians to have a steady stream of patients. In, Medscape. Compensation per RVU of U.S. physicians by specialty 2013 [Online]. trackcmp_h.length && trackcmp_h[0].appendChild(trackcmp); If you are interested, please call or text Sean Doton at 954.837.2667 or email your CV to sean.doton@comphealth.com. Understanding how the published comp/wRVU rates are calculated helps to appropriately interpret the market data, at least from a relatively high level. This method can be beneficial to physicians but difficult for hospitals and health groups to administer. Like in years past, EP and interventional physicians are the top earners amongst cardiologists, with median compensation per FTE reported at $678,495 and $674,910 respectively overall. Cardiology Compensation Continues to Rise; New Interventional Measures Cardiologists in the Northwest report making $526,000 per year on average, whereas cardiologists in the Northeast make just $381,000. For both cardiac and vascular surgery groups the median size was 2.4 FTEs. 2 Change from 2018-2019: Specialty Care. and All inquiries are confidential. All rights reserved. The reimbursement per RVU is being adjusted for 2021 The budget neutrality adjustment, as required by law, accounts for changes in RVUs including significant increases for E/M visit codes CY 2021 PFS conversion factor is$32.41, a decrease of $3.68 from the CY 2020 PFS conversion factor of $36.09. In most hospitals, wRVUs create a highly competitive situation among physicians in the same field. There is one other pitfall of wRVUs that many physicians dislike. Being paid for a specific unit of work tends to make a physician feel more like an independent contractor than an employee.
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