Legal + Compensation

Philadelphia-based physician practice Complete Physician Services and two physicians agreed to pay $1.5 million plus interest to resolve allegations they misrepresented the severity of illness to increase Medicare reimbursements, the Justice Department said in a May 24 news release. 

Here are five stats to know on physician compensation:

CVS has made two major physician acquisitions since January, investing in physician and primary care groups to accelerate its growth. 

California and New York employ the highest number of physicians in several specialties. 

Among five medical specialties with the largest pay gaps between men and women, men earned an average of $447,484 whereas women earned $377,732, according to Physicians Thrive's "2023 Physician Compensation Report."

Women working as physicians typically earn less than 80 percent of what their male counterparts made each year, according to Physicians Thrive's "2023 Physician Compensation Report." 

Froedtert South will not renew its contract with physician staffing firm Envision Healthcare, which recently filed for bankruptcy, when it expires June 30. 

Tennessee Gov. Bill Lee signed a bill into law May 17 that adds "graduate physicians" as a healthcare practitioner category.

Male physicians earn an average of $122,000 more a year than their female counterparts, according to Physicians Thrive's "2023 Physician Compensation Report." 

Here are the 10 cities where physicians have the highest average salary, according to the 2023 Physicians Thrive Physician Compensation Report: