Nearly 20 percent of physicians (18.7 percent) said their income fell more than 10 percent in 2012, compared to 2011. Overall, 34.6 percent saw a decline in income, according to a study by Physicians Practice. Most—38.2 percent—said their income for the year is about the same; 10.4 percent said it was up by less than 5 percent.
The annual survey collected responses from 1,311 physicians:
• 39.6 percent of respondents have been practicing for more than 20 years
• 56.2 percent are employed by hospitals
• 46.8 percent work 41-60 hours each week
• 36.3 percent said they pay up to $7,000 annually for malpractice insurance
• 59.6 percent said their revenue did not come from bonuses or other financial incentives
Here’s the full report. (Scroll to page 11 for salary change details.)
