TRENDS
Physician Compensation Amid a Tumultuous Year Physician offices had to pivot, adapt to maintain compensation levels, MGMA reports. Last year, healthcare was one of the industries hit hardest by the COVID-19 pandemic. In an effort to flatten the
curve, physician offices shifted to a telehealth approach to treat patients. While the pandemic was the source of unforeseen economic challenges, practice closures, and even lower patient volumes, studies show that physician income was largely stable for 2020. New research from the Medical Group Management Association reveals that compensation for most physician specialties has remained steady or increased slightly, despite the wide-ranging financial impacts of the COVID-19 pandemic on physician practices in 2020. 20
September 2021
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