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Primary Care Physicians Salary Increase

Discussion in 'Pre-Medical - DO' started by poormansDO, May 1, 2007.

  1. poormansDO

    poormansDO *** member 5+ Year Member

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    With demand for primary care physicians on the upswing and generalists now at the top of the most-recruited list, medical groups and hospitals are beginning to offer incentives such as signing bonuses and school loan repayment, according to physician leaders and physician recruiters. Some markets are even seeing an increase in starting salaries. http://www.ama-assn.org/amednews/2006/06/19/prl10619.htm

    Is the salary for primary care physicians (PCP's) beginning to increase, I'm particulary interested in internal medicine, family medicine and pediatrics, is it true that salaries for these is increasing 10-15%, I've read a lot about how there is a lack of interest in pimary care and how the demand for PCP's is increasing.

    Is it possible that seven years from now (when I am officially done and can practice) that the primary care physician salary increases significantly?
     
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  3. Dr.Inviz

    Dr.Inviz Banned Banned

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    No. Go study.
     
  4. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    Demand IS increasing. Problem is, reimbursement is not.

    It is difficult for a practice to take you on and pay you a premium salary when they need to fight to make 30% of what they bill.

    PCP salaries will only increase as much as government and insurance company reimbursement allows.

    What WILL increase is the flexibility that PCPs have in structuring their contracts with hospitals, large groups or agencies. Maybe not the financial terms but things pertaining to lifestyle and time committments.
     
  5. Salaries will increase for all fields. I guarantee it. :)
     
  6. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    I think the OP is talking more than cost of living and inflation increases.

    Beam yourself back to premed land. :thumbup:
     
  7. I will be starting medical school in a few weeks. :D

    Even with inflation and cost of living hikes, I think doctors' salaries will get proportionately bigger.
     
  8. DoctorMom78

    DoctorMom78 Sky Glory 2+ Year Member

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    :lol: :lol: :lol: :beat:
     
  9. Nickelpennykid

    Nickelpennykid New Member 7+ Year Member

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    Another well articulated argument with lots of supporting evidence like "I think."
     
  10. DiverDoc

    DiverDoc KCUMB 2012 10+ Year Member

    In my hometown < kinda crappy, the people are just rude. Anyways, they have to fork over a lot of dough to keep a physician interested in practicing there. One physician I know makes 175K and sees about 4 patients a day. Majority of patients go out of town, but thats a LOT of money for very little work. :eek:
     
  11. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    So salaries have been proportionally going DOWN since the 1980s

    But you THINK they will get bigger?

    Why?

    When?

    What evidence?

    How do you know this?

    You could possible single handedly solve the question that hundreds of thousands of physicians in the US have not been able to understand.

    I will be eagerly awaiting your response...
     
  12. Doctors' salaries have been going proportionally UP since the 1980s. Are you ignorant or something?
     
  13. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    ..
     
  14. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    US Department of Labor reports:

    1996 to 2000:

    Average full time workers salary increased 18%
    Average full time physicians salary increased only 3%
     
  15. DoctorMom78

    DoctorMom78 Sky Glory 2+ Year Member

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    Reimbursement is actually decreasing. Doctors will have to perform more and more procedures to make the same money they were making before. Unfortunately for PCP and other physicians who do not perform procedures, I feel that their salary will likely go down. :oops:
     
  16. JayneCobb

    JayneCobb big damn hero.... Moderator Emeritus 5+ Year Member

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    yes physician's salaries have increased, as JP pointed out, but what you fail to realize is that Physician's salaries are one of the few fields where the increase has not kept up with inflation. So while numerically the salaries are higher, they're less, ergo they are relatively decreasing. As the saying goes, a million dollars just doesn't buy what it use to.
     
  17. Doc2007

    Doc2007 Member 10+ Year Member

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    Problem with PCPs is that they are not united. The best ways to fix this problem is by uniting all of the PCP physicians and then start negotiating with insurance companies.
     
  18. JayneCobb

    JayneCobb big damn hero.... Moderator Emeritus 5+ Year Member

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    Unfortunately, you can't really negotiate with the Government. The imagine that they can slap you with racketeering and monopoly charges if you anger them. The only real way to fix this is to put people into office who will push legislation through to fix the broken reimbursement system.
     
  19. Doc2007

    Doc2007 Member 10+ Year Member

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    Why is this a problem for PCPs only? Shouldn't this be affecting other specialities too?
     
  20. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    It affects any specialty reliant on insurance and medicare/medicaid reimbursement.

    Salaried docs, boutique docs, academic docs and cash-only docs wont be affected.
     
  21. MaximusD

    MaximusD Anatomically Incorrect Physician 10+ Year Member

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    State of Delirium
    Other specialties perform more procedures. Procedures and interventions are where the money is...

    Even with that in mind, I am still considering peds... call me idiotic.
     
  22. Dr.Inviz

    Dr.Inviz Banned Banned

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    Idiot.

    You asked for it. :laugh:
     
  23. Toohotinvegas33

    Toohotinvegas33 Currently Glasgow 3 7+ Year Member

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    Penal Colony
    ^^^ doesn't know that peds is the land of "milf's and honey's"
     
  24. Dr.Inviz

    Dr.Inviz Banned Banned

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    Get ready for plenty of beat downs.
     
  25. DoctorMom78

    DoctorMom78 Sky Glory 2+ Year Member

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    :beat: :beat: :beat: :smuggrin: :laugh:

    There's the first one...
     
  26. Dr.Inviz

    Dr.Inviz Banned Banned

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    Am I right, or am I right? :laugh:
     
  27. MaximusD

    MaximusD Anatomically Incorrect Physician 10+ Year Member

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    State of Delirium
    Is it just me or is that horse getting hit right in the mommy-daddy button?
     
  28. DoctorMom78

    DoctorMom78 Sky Glory 2+ Year Member

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    Yup. It appears that it is getting hit there.:eek: :laugh:
     
  29. fabu1ous

    fabu1ous Wow, it is so clear... 2+ Year Member

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    Looking into the sky :)
    Most definately other professions seem to be affected-- I shadowed 2 ob/gyn docs who tag-teamed a hysterectomy (they were members of the same private practice). Afterwards, both independently complained of the same things about their profession... they were concerned with the "politics" of practicing medicine, in addition to the fact that insurance will only reimburse $250 for the surgery they just performed-- what up wit dat :eek:
     
  30. Did your credit rating finally prove good enough to get you into Ross?
     
  31. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    :laugh: :laugh:
     

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