Compensation

This channel page includes news on the salaries of cardiologists and other cardiology department staff, compensation studies, and articles on the economic impacts on pay due to changes in public or payor policy and shifting trends in medicine.  

Exploring diversity, compensation among academic cardiothoracic surgeons

New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen in this important specialty. 

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Cardiologist is officially the highest-paying job in the US

Almost all of the country's top 25 highest-paying jobs are physicians, according to new data from the U.S. Bureau of Labor Statistics.

Cardiologist salaries increased in 2022, but physician compensation was down overall

Both cardiology and pediatric cardiology saw bumps in pay from 2021 to 2022. For many other specialties, however, that was not the case. 

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Cardiologists received $1.1B in industry payments in 6 years

Diving deeper into the data, researchers noted that 40.8% of the payments were tied to speaker fees. Another 19% were from consulting fees.

ACC President Ed Fry, MD, an interventional and general cardiologist at Ascension St. Vincent Hospital in Indianapolis, Indiana, and chair of the Ascension National Cardiovascular Service Line, says Medicare cuts for 2023 are a tipping point that need to be a call to action across medicine. #AHA22 #ACC

VIDEO: ACC president says Medicare cuts should be a call to action across healthcare

American College of Cardiology President Edward Fry, MD, spoke about recent Medicare cuts at the American Heart Association Scientific Sessions conference in Chicago. 

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Cardiologist compensation hits $622K, up 32% from 10 years ago

According to a new analysis from MedAxiom, an American College of Cardiology company, cardiologist compensation has nearly returned to where it was before the COVID-19 pandemic. The detailed report also examined new patient visits, cardiac imaging utilization and much more. 

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Cardiologists earn the highest average salary in all of healthcare

The new report, based on data from the U.S. Bureau of Labor Statistics, once again highlights the fact that cardiology is associated with high demand and high compensation in today's market. 

Cardiologists linked to higher net worths, larger homes and less debt than many other physicians

Twenty-three percent of cardiologists have a net worth of more than $5 million, No. 5 among all specialties, according to a new report. A majority of cardiologists also said they have had no significant financial losses in the last year.

Around the web

Eleven medical societies have signed on to a consensus statement aimed at standardizing imaging for suspected cardiovascular infections.

Kate Hanneman, MD, explains why many vendors and hospitals want to lower radiology's impact on the environment. "Taking steps to reduce the carbon footprint in healthcare isn’t just an opportunity," she said. "It’s also a responsibility."

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