Pediatric surgical physicians saw a 5.7% jump in total cash compensation over the last five years, according to SullivanCotter's 2023 "Physician Compensation and Productivity Survey."
The report surveyed more than 306,765 physicians, advanced practice providers and PhDs.
Here are four more statistics to know:
1. Primary care physicians saw an 18.3% jump in total cash compensation in the same period.
2. The report showed that base salary and work relative value units continue to be used in primary care, medical and surgical specialty compensation plans.
3. Value-based care or quality incentives are used by about 50% of organizations, according to the survey.
4. Twenty-three percent of organizations use team-based incentives in their compensation plans.