The 3.37% Medicare physician pay cut that took effect Jan. 1 is not the only compensation cut some physicians are facing in 2024, according to a Jan. 11 report from the American Medical Association.
Legal + Compensation
Here are 10 things to know about physician compensation:
Washington is the highest-paying state for physician assistants, according to data from the Bureau of Labor Statistics.
Indianapolis-based Community Health Network agreed to pay the U.S. $345 million to resolve allegations that it violated the False Claims Act and Stark law.
Steward Health Care and Steward Medical Group, both based in Dallas, and St. Elizabeth's Medical Center in Boston — which is part of the health system — have been accused of violating Stark law, allegedly paying a cardiologist nearly $4.9…
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Wisconsin governor Tony Evers has signed a bill making it easier for physician assistants to receive interstate credentials, Wisconsin Public Radio reported Dec. 11.
The largest portion of female physicians have a net worth below $500,000, while the largest portion of male physicians have a net worth between $2 and $5 million, according to Medscape's 2023 "Female Physician Wealth and Debt Report."
Mortgage on their primary residence was the leading expense female physicians reported paying down in Medscape's 2023 "Female Physician Wealth and Debt Report."
Nephrologists saw the lowest annual salary increase in the last 10 years — a bump of only $49,000 — while the pay for plastic surgeons increased by more than $300,000, according to Medscape's "Physician Compensation Report" for 2013 and 2023.
The American Medical Association has compiled a list of terms physicians should know involving prior authorization, the process requiring physicians to receive approval from the health plan before the prescribed treatment, test or medical service can be delivered to the…