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42 HEALTHCARE NEWS 42 Highest-paying physician specialties in the US | 2022 By Patsy Newitt Cardiology is the highest-paying U.S. physician specialty, according to a Aug. 8 report from Forbes. Forbes analyzed 2022 data from the U.S. Bureau of Labor Statistics' Occupational Employment Statistics and isolated occupations that fall into the Healthcare Practitioners and Technical Occupations category to develop a list of the most lucrative medical jobs in the country. Here are the physicians on the list, broken down into average hourly pay and average annual pay: n Occupation Average Hourly Pay Average Annual Pay Cardiologist $170.18 $353,970 Anesthesiologist $159.22 $331,190 Oral and Maxillofacial Surgeon $149.74 $311,460 Emergency Medicine Physician $149.35 $310,640 Orthopedic Surgeon, Except Pediatric $147.22 $306,220 Dermatologist $145.55 $302,740 Radiologist $145.06 $301,720 Surgeon, All Other $143.17 $297,800 Obstetrician and Gynecologist $142.41 $296,210 Pediatric Surgeon $139.57 $290,310 Ophthalmologist, Except Pediatric $129.85 $270,090 Neurologist $128.68 $267,660 Physician, Pathologist $128.45 $267,180 Psychiatrist $120.08 $249,760 General Internal Medicine Physician $116.44 $242,190 Family Medicine Physician $113.43 $235,930 Physician, All Other $111.30 $231,500 Pediatrician, General $95.40 $198,420 Podiatrist $76.15 $158,380 Optometrist $60.31 $125,440 A new name joins Forbes' growing list of healthcare billionaires By Claire Wallace T he number of healthcare billionaires in the U.S. has grown from 29 to 30 as of Oct. 14, according to Forbes' real-time net worth tracker. John Oyler, a biotech CEO, reached a $1 billion net worth, earning himself a spot on the list. Mr. Oyler is the CEO and co-founder of BeiGene, which was founded in Beijing in 2010. He owns 6 percent of the company. Mr. Oyler also started and sold two companies before BeiGene, including telecom research firm Telephia and drug outsourcing company BioDuro, which he sold for $77 million in 2010. n 2023 CMS physician pay schedule could destabilize Medicare, AMA says By Patsy Newitt P hysicians are expecting to see a 4.42 percent pay cut in January with the proposed 2023 Medicare physician payment schedule, and paired with rising operating costs and inflation, this could further destabilize Medicare, according to a Sept. 8 article from the American Medical Association. "The payment system is on an unsustainable path that is jeopardizing patient access to physicians. The resulting discrepancy between what it costs to run a physician practice and actual payment, combined with the administrative and financial burden of participating in Medicare, is incentivizing market consolidation," AMA said in a Sept. 6 letter to CMS. In the letter, AMA urges Congress to do the following: 1. Extend the 3 percent temporary increase in the Medicare fee schedule 2. Provide relief for an additional 1.5 percent budget cut planned for 2023 3. End the statutory annual freeze and provide an inflation-based update 4. Waive the 4 percent pay-as-you-go sequester 5. Extend the 5 percent incentive payment physicians can earn for participating in an advanced alternative payment model n