More than one-third of physicians say the financial state of their practice worsened over the past year, even as most reported stable or growing income levels, according to Medical Economics‘ 96th Physician Report, published Dec. 29.
Thirty-five percent of surveyed physicians said their practice’s financial condition was worse than the year prior, while 52% said it remained about the same and 13% said it improved.
Here’s how physicians’ total income broke down in 2024:
- Less than $50,000: 3%
- $50,000 to $99,999: 6%
- $100,000 to $149,999: 6%
- $150,000 to $199,999: 9%
- $200,000 to $249,999: 18%
- $250,000 to $299,999: 18%
- $300,000 to $349,999: 11%
- $350,000 to $399,999: 18%
- $400,000 to $449,999: 8%
- $450,000 to $499,999: 8%
- $500,000 or more: 9%
