12 cardiology industry stats to know

Here is where cardiology stands today through the lenses of salary, ASC statistics and more.

ASC

  • Cardiology is the fastest growing ASC specialty, according to Avanza's "2022 Key ASC Benchmarks and Industry Figures" report.
  • Cardiology is among the ASC specialties that received the highest estimated Medicare payment increases in 2021, according to Avanza's "2022 Key ASC Benchmarks and Industry Figures" report.

Salary and wealth

  • The average annual compensation for cardiologists is $490,000, according to Medscape's "Physician Compensation Report 2022."
  • Cardiologist pay saw a 7 percent increase over 2021, according to Medscape's "Physician Compensation Report 2022."
  • The average incentive bonus for cardiologists is $85,000, according to Medscape's "Physician Compensation Report 2022."
  • Fifty-seven percent of cardiologists feel they are fairly compensated, according to Medscape's "Physician Compensation Report 2022."
  • Independent cardiologists consistently outearn their employed counterparts in five major U.S. cities: Atlanta, Chicago, Los Angeles, New York City and Phoenix, according to Medscape's physician salary explorer.
  • Twenty-three percent of cardiologists are worth $5 million or more, according to Medscape's "Physician Wealth & Debt Report 2021."
  • Sixteen percent of cardiologists reported a net worth of less than $500,000, according to Medscape's "Physician Wealth & Debt Report 2022."

Miscellaneous

  • Cardiology has the highest projected shortage of physicians — 7,080, according to Physicians Thrive's "2022 Physician Compensation Report."
  • Ninety-two percent of cardiologists surveyed said they would choose the same specialty again, according to Physicians Thrive's "2022 Physician Compensation Report."
  • Sixteen percent of cardiologists said they are still paying off student loans, according to Medscape's "Physician Wealth & Debt Report 2022."

 

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