Here are 22 statistics to know on ophthalmologist pay, as well as ophthalmology ASC revenue.
Among all U.S. regions, median revenue per case for ophthalmology was highest in the South, according to VMG Health's 2018 Multi-Specialty ASC Benchmarking Study. Here are statistics on median revenue per ophthalmology case across regions.
1. Atlantic: $1,321
2. Midwest: $1,244
3. Mountain: $1,438
4. Northeast: $1,497
5. Pacific: $1,463
6. South: $1,524
7. All facilities: $1,403
Here are key facts to know about ophthalmologist pay, and how alternative payment models and health insurance exchange participation could affect it, according to the "Medscape Ophthalmologist Compensation Report 2018.
8. Average ophthalmologist compensation was $357,000.
9. Ophthalmologist compensation increased 3 percent year over year in 2018.
10. U.S.-trained ophthalmologists reported average compensation of $353,000, lower than the $448,000 reported by foreign-born ophthalmologists.
11. Self-employed ophthalmologist earned more than employed ophthalmologists. Self-employed ophthalmologists earned $429,000 on average, compared to $256,000 for employed ophthalmologists.
12. Around 58 percent of ophthalmologists are self-employed while 40 percent are employed.
13. Male ophthalmologists earned $391,000 on average, compared to $273,000 for female ophthalmologists.
14. Nearly three-quarters, 71 percent, of ophthalmologists report having professional liability/malpractice coverage. Additional benefits include:
• Health insurance: 69 percent
• Paid time off: 57 percent
• Retirement plan with match: 49 percent
15. Most ophthalmologists that participated in the health insurance exchanges last year said it didn't affect their income:
• 6 percent said income increased
• 14 percent said income decreased
• 41 percent said there was no change
16. Nearly half — 48 percent — of ophthalmologists participate in the Merit-based Incentive Payment System.
Most ophthalmologists consider themselves "savers," but 9 percent of physicians in the specialty reported living above their means, according to Medscape's 2018 Physician Wealth & Debt Report. Here are statistics on ophthalmology physicians' net worth and expenditure. Medscape surveyed 20,329 respondents across 29-plus specialties.
17. Ophthalmologists with a net worth of $2 million or more: 31 percent
18. Ophthalmologists worth more than $5 million: 12 percent
19. Ophthalmologists with a net worth under $500,000: 35 percent
20. Ophthalmologists still paying off school loans: 29 percent
21. Ophthalmologists who consider themselves a spender (living above their means): 9 percent
22. Ophthalmologists who consider themselves a saver (living below their means) 56 percent