Article Abstract:
Businesses are increasingly contracting with physician groups directly, and their emphasis on cost containment is limiting the salaries of some physicians and discouraging the hiring of specialists. For example, Park Nicollet Medical Center in Minnesota is the health provider for a coalition of local businesses. The 360-physician group plans to increase its primary care physicians and decrease specialists through attrition. In addition, investment banks and financial ratings services consider physician salaries as they evaluate the investment potential of a group practice.
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Article Abstract:
Median physician net income reached $160,000 in 1995, a 6.7% increase.In 1994, income levels experienced their first ever decline, dropping 3.8%. The two-year trend for 1994 and 1995 shows annual income growth of 1.3%; adjusted for inflation, there is an annual decline of 1.4% in real income. Median net income was highest among radiologists in 1995, with pathologists earning the largest increases in median income. Physician mean income rose 7.2% to $195,500 in 1995.
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Article Abstract:
Academic medical specialists had salary increases of 6.54% in 1995, compared to a rise of 4.36% in the income of primary care doctors. Median salaries of physicians were highest in the Midwest, with $108,472 for primary care and $150,000 for specialists. Statistics also show that primary care professors earned less than those who teach specialties, and women doctors earned less than men.
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