On Demand: 2024 Provider Compensation & Production Report Review-Presentation Slides

Presentation Slides

Pdf Summary

The 2024 MedAxiom Cardiovascular Provider Compensation and Production survey, led by Joel Sauer and Karen Wilson, provides a comprehensive analysis of the compensation and productivity trends in cardiology and related fields. The report details various aspects, including demographics, compensation models, production volumes, and the influence of geographical regions on these metrics. <br /><br />Demographics and participation in the survey reflect slight increases from the previous year, with participation rates of programs and providers up by 2% and 2.5%, respectively. The survey breaks down metrics by geographical regions and explores the compensation and production trends for cardiology subspecialties, examining both ownership splits and subspecialist involvement, including the participation in call duties.<br /><br />Compensation trends are analyzed by region, age, and gender, revealing differences in earnings depending on these factors. The survey discusses compensation per Work Relative Value Unit (WRVU) and trends by ownership, age distribution, and new cardiologist metrics.<br /><br />Cardiology volumes outline trends in new patient intake, ambulatory and hospital visits, advanced imaging, catheterization (CATH), and transcatheter aortic valve replacement (TAVR) procedures. Insights on procedure percentages by interventionalists and electrophysiology (EP) procedure trends underscore the variation in workload and efficiency across the specialty.<br /><br />In surgery, the report details the size of programs, compensation and production trends for cardiac and vascular surgeons, and surgery compensation per WRVU, delineating trends that might influence provider decisions and healthcare outcomes.<br /><br />Advanced Practice Providers (APPs) analysis covers compensation and production patterns, examining APP-to-cardiologist ratios, compensation differences by ownership model, and subspecialty production spreads.<br /><br />The survey concludes with contact information for further inquiries from MedAxiom experts Joel Sauer and Karen Wilson. The report provides valuable insights for stakeholders in the cardiovascular healthcare sector, equipping them with the data to make informed operational and strategic decisions.

Keywords

MedAxiom

Cardiovascular

Provider Compensation

Productivity Trends

Cardiology

Demographics

Geographical Regions

Work Relative Value Unit

Advanced Practice Providers

Healthcare Outcomes