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Survey: It Pays To Do Interventional Radiology

August 29, 2013
Written by: , Filed in: Interventional Radiology, Practice Management
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Interventional diagnostic radiologists working in medical groups averaged $504,772 in median pay last year, according to the American Medical Group Association (AMGA). Median compensation for noninterventional diagnostic radiologists came in at a mere $453,216—still fifth among specialties, right behind their interventional colleagues.

Those are some of the numbers in the 2013 Medical Group Compensation and Financial Survey (reflecting 2012 calendar year data), conducted by the Chicago-based consulting company Sullivan, Cotter and Associates, Inc. and released this month. Sullivan, Cotter mailed out the survey in January 2013. It received usable responses from 280 medical groups representing about 67,900 physicians.

Overall, the survey found that medical groups broke even financially in 2012 after several years of losing money. One suspects those woeful numbers are more likely a reflection of self-reporting and creative accounting than of reality. Donald W. Fisher, PhD, president and chief executive officer of the AMGA, doesn’t see it that way, of course:

As these medical groups strive to become high-performing health systems, they are investing in improvements in care processes and infrastructure that will provide patients with better health outcomes, enhanced care experience, and lower costs well into the future.

Dr. Fisher was quoted in an AMGA news release.

Other nuggets from the survey include the following:

  • Interventional diagnostic radiologists enjoyed a 4.02 increase in compensation from 2011 while their noninterventional counterparts suffered a 1.30 percent decrease.
  • Cath lab cardiologists had the highest median salary: $547,112, a 4.27 percent increase from 2011.
  • Next were cardiac and thoracic surgeons ($525,944/3.33 percent decrease) and orthopedic surgeons ($525,000/1.79 percent increase).
  • Specialties at the bottom of the list were general pediatrics/adolescent care ($222,827/0.99 percent increase), family medicine ($223,810/2.03 percent increase), and psychiatry ($224,878/3.54 percent increase).
  • Median income among all specialties increased by 1.6 percent; 61 percent of specialties saw an increase.

Here’s one last number: if you want a copy of the survey, it will cost you $700.

Related CME seminar (up to 42.5 AMA PRA Category 1 credits™): UCSF Radiology Review: COMPREHENSIVE IMAGING

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