Becker's ASC Review

February 2023 Issue of Becker's ASC Review

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30 HEALTHCARE NEWS 30 ADVERTISINGINDEX Note: Ad page number(s) given in parentheses Enovis. enovis.com/motionmd / enovis.com/oarascore (pg. 11) HealthTrust. advantagetrustpg.com (pg. 32) National Medical Billing Services. nationalascbilling.com / (866) 948-8001 (pg. 2) Stryker. stryker.com/asc (pg. 31) Surgical Notes. surgicalnotes.com / (800) 459-5616 (pg. 21) Zimmer Biomet. zimmerbiomet.com (pg. 3) 5 statistics on physician pay By Patsy Newitt Here are five key statistics on physician compensation: 1. On average, physicians in the U.S. earned the most ($316,000) per year, followed by Germany ($183,000) and the U.K. ($138,000). Physicians in Mexico earned the least at $12,000. 2. Primary care physicians earned an average of $242,000 in 2021, down from $243,000 in 2020. 3. Physician compensation at physician-owned practices since 2006 has mostly met or exceeded that of hospital-owned practices. 4. Physician pay decreased for these four specialties: 1. Cardiology (Interventional): 13.7 percent decrease — from $611,000 to $527,000 2. Hematology: 5.2 percent decrease — from $426,000 to $404,000 3. Radiology: 2.1 percent decrease — from $465,000 to $455,000 4. Pediatrics: 1.7 percent decrease — $236,000 to $232,000 5. Physician pay increased for these eight specialties: 1. OB-GYN: 10.3 percent increase — from $291,000 to $321,000 2. Anesthesiology: 9 percent increase — from $367,000 to $400,000 3. Cardiology (Non-invasive): 8.5 percent increase — from $446,000 to $484,000 4. Neurology: 7.3 percent increase — from $332,000 to $356,000 5. Gastroenterology: 4.6 percent increase — $453,000 to $474,000 6. Orthopedic surgery: 3.5 percent increase — from $546,000 to $565,000 7. Urology: 2.6 percent increase — from $497,000 to $510,000 8. Internal medicine: .4 percent increase — from $255,000 to $256,000 n The demographic most prone to 'quiet quitting' By Claire Wallace C ollege educated men between the ages of 25 and 39 led the "quiet quitting" movement in the U.S. between 2019 and 2022, according to a Jan. 9 report from Bloomberg. Men between the ages of 25 and 39 voluntarily worked 16 hours less per week, on average, while men with a bachelor's degree voluntarily worked 14 hours less per week. The quiet quitting trend, the act of quietly cutting back on and taking less work responsibility, emerged during the COVID-19 pandemic. A large chunk of Americans began to cut back on working hours as work from home became a trend nationwide. Overall, U.S. workers spent an average of 11 fewer hours on the job during the pandemic, the largest reduction in working hours since 2007. Women cut down on their working hours by six a week, on average. Despite the step back from the workplace since 2019, American employees still work an average of 1,791 more hours a year than other developed nations, including Japan, Canada and the United Kingdom. n

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