Physician compensation and productivity survey benchmarks
Looking for greater insight into the impact of Physician Fee Schedule changes on wRVUs?
This year’s survey benchmarks for physician and advanced practice provider (APP) compensation and productivity have been materially impacted by recent modifications to the Physician Fee Schedule (PFS). In order to help organizations properly address the ongoing impact of these changes, SullivanCotter’s 2022 Physician Compensation and Productivity Survey includes two sets of benchmarks based on wRVU values from both the 2020 and 2021 schedules.
As one of the most comprehensive datasets of its kind, this survey includes data from nearly 800 organizations on more than 285,500 individual physicians and APPs across 237 specialties – providing health care organizations with critical compensation market data, information evolving workforce practices, and insight into emerging industry trends.
Key Takeaways
- 2022 survey data is impacted by the industry’s gradual adoption of the 2021 PFS wRVU values. The 2022 survey includes two wRVU and TCC per wRVU values.
- In 2022, work RVU productivity recovered to pre-pandemic levels for many specialties; as a result, TCC per wRVU ratios decreased.
- Quality incentive compensation continues to be relatively modest (< 10%); the use of panel size in primary care compensation plan design continues to increase.
- The 2023 Physician Fee Schedule final rule includes another round of significant E&M wRVU value changes in hospital and skilled nursing settings and a resulting Medicare conversion factor cut.
- Use 2022 market survey data with caution; in particular, reported TCC per RVU ratios may continue to be volatile for many specialties.
Interesting in learning more?
The 2022 report is now available for purchase!
