Most specialties saw modest increases in compensation in 2003, according to the American Medical Group Association's 2004 Medical Group Compensation & Financial Survey. Cardiologists, dermatologists, gastroenterologists, and pathologists in particular, enjoyed the largest increases in compensation. Median salary for 2002 was $217,652. In 2003, the median salary reported was $237,101.
"Last year, we actually saw declines in compensation for some specialties, notably internal medicine (-1.8 percent) and emergency care (-1.4 percent). Fortunately, we did not see such declines this year, although the increases were very slight in many cases," says Donald W. Fisher, PhD, AMGA's president and CEO.
SOURCE: AMERICAN MEDICAL GROUP ASSOCIATION COMPENSATION & FINANCIAL SURVEY, 2004 REPORT BASED ON 2003 DATA