Can anyone speak from experience about how much a CAQ in sports medicine adds to their potential salary? I spoke with one physician who recommended against doing a 1 year sports med fellowship because it didn't add any value to her degree. I'd really appreciate any input on this subject. I don't want to make a career choice based on salary but to do a year long fellowship without any return doesn't seem like a great idea.
Like any survey/salary question, there seems to be a wide variation in the numbers. The ACSM numbers below don't look all that different from traditional inpatient/outpatient FM. Two other websites make it look as if there is a difference.
http://www.cejkasearch.com/compensation/amga_physician_compensation_survey.htm
http://mdsalaries.blogspot.com/2007/02/sports-medicine-physician-salaries.html
I'm more apt to believe the ACSM numbers since in most private practice sports medicine practices are built out of the family medicine or urgent care practices. And if you consider the fresh out of fellowship with a guarantee/subsidized salary mixed in with the seasoned practice partner, the average PCSM starts to look just like FM. Even in non-op ortho practices, there's only so many patients a physician can see in a day, your salary would have to justify the revenue you generate. I'm sure the difference would be if the group subsidizes your PCSM practice but relies on you to indirectly generate surgeries or if you have a share in the ancillary, then maybe your salary may start to pull away from the FM salary. My bet is that academic practices are generally lower paying on a dollar-for-dollar basis but with better benefits and that I'm willing to bet that also applies to university employed team physicians.
If you look at the AAFP 2006 survey of clinically relevant CME that FM docs say are highly important to them, you'll see that 55.3% said that MSK Exam Techniques was in "High" need which, I believe, is the highest sub-category; and as a field, 39.9% said that MSK/Sports was in "High" need, which ranks 2nd as a category only behind Cardiovascular. I love using these numbers to throw at faculty who seem to lose focus in steering the FM Curriculum, using generalities and theories when the data is right in front of them. To me, these numbers also spell out where the opportunities to differentiate yourself from the pack once you go out and practice. It's just an interesting survey.
http://www.aafp.org/online/en/home/aboutus/specialty/facts/30.html
So while there may or may not be any dollar value-add in doing fellowship, there seems to be something left undone in the abscense of it.
Just my opinion & interpretation, of course... be curious to hear what others think...
For immediate release
May 30, 2007
SURVEY REVEALS SPORTS MEDICINE PHYSICIAN STATISTICS
Practice and Salary Characteristics Among Results
NEW ORLEANS – New statistics reveal more information about clinical sports medicine practitioners. The study was developed to investigate and disseminate the practice patterns, career opportunities, professional relationships, and income that exist in order to better understand the career of a sports medicine physician, and released today at the 54th Annual Meeting of the American College of Sports Medicine (ACSM) in New Orleans.
Primary care sports medicine began in the 1970's and has grown into a well recognized sub-specialty of family medicine. Sports medicine fellowships were developed in the 1980's, and the American Board of Family Physicians (ABFP) formally certified its members with a Certificate of Added Qualification (CAQ) in 1993. The practice of the 1,102 family physicians with a CAQ in sports medicine varies significantly. Sports medicine physicians at The Ohio State University designed the investigation to characterize the clinical practices of physicians who hold a CAQ in Sports Medicine through the ABFP.
A non-identifiable Web-based survey was distributed via e-mail by the ABFP to 862 family physicians (members with valid e-mail addresses) holding a CAQ in Sports Medicine. Survey questions included physician, practice, patient and payer demographics as well as income data.
Thirty-eight percent, or 325 surveys, were successfully completed. Of respondents currently holding a CAQ, 212 reported completing a Primary Care Sports Medicine Fellowship. Furthermore, 276 were male and 49 were female, and 300 reported being a M.D., while 25 reported being a D.O. Of the 325 responses, the average net income for all physicians with a CAQ in Sports Medicine was $166,348.
Men who were older than 40 years old, owned their own practice, and saw more than 10 patients each half-day were most likely to have a higher income (>$200,000/year). There was no statistical difference among salaries between M.D. or D.O.'s, OMT practice, region of the country, or type of practice.
The research team concluded the practice of primary care sports medicine physicians varies significantly with location and type of practice. Salary can be related to age, gender, number of patients seen, and practice ownership.
The American College of Sports Medicine is the largest sports medicine and exercise science organization in the world. More than 20,000 international, national, and regional members are dedicated to advancing and integrating scientific research to provide educational and practical applications of exercise science and sports medicine.
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The conclusions outlined in this news release are those of the researchers only, and should not be construed as an official statement of the American College of Sports Medicine.