Cardiology Compensation Update – 2019 | Moonlighting Solutions

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How much do cardiologists and other cardiovascular healthcare professionals earn? A new report from MedAxiom reveals average salaries for providers in cardiovascular care.

MedAxiom, a cardiovascular medical professional association owned by the American College of Cardiology, recently released the 2019 edition of their annual cardiology compensation report. The survey reveals production and compensation data from more than 4,000 providers across all modalities of cardiovascular care including non-invasive, invasive non-interventional, interventional, electrophysiology, heart failure, and cardiac surgery.

Cardiology is one of the top medical specialties for physician moonlighters. Moonlighters work more hours and shifts in cardiovascular care than any medical specialty, other than hospitalists. There are many ways that moonlighters can support full-time staff cardiologists both onsite and virtually. Physician moonlighters can work onsite to help relieve staff cardiologists on nights and weekends.

Additionally, telehealth services can enable your system to provide cardiovascular care to rural or medically underserved populations. Providing STEMI call is another way that moonlighters can help support your cardiovascular department and help your cath lab handle high patient volumes without hiring an additional FTE cardiologist.

 

MedAxiom's Cardiovascular Provider Compensation & Production Survey

The MedAxiom report includes data from 2,267 full-time physicians and 184 groups regarding compensation for physicians, surgeons and advanced practice providers in cardiovascular care. Topics covered include wRVU data, production rates, key cardiology volumes and ratios, and more from a total of more than 4,000 providers.

Key Findings

  • In 2019, there are more cardiologists over the age of 61 than ever before. (About 27%)
  • For the fifth consecutive year and the seventh year out of ten, cardiology compensation increased over the previous year. Says the study: "while this doesn't necessarily indicate that retirement is imminent, it does suggest a section of the workforce that will either slow down and/or discontinue practicing altogether within a matter of years."
  • Median total cardiology compensation per FTE edged back up in 2018 to $577,329. This is the second highest total since 2012.

 

Learn More

Moonlighting Solutions is proud to be an industry partner of MedAxiom. To learn more, download a complimentary copy of MedAxiom's full report here: Cardiovascular Provider Compensation & Production Survey.

If you are a MedAxiom member interested in physician moonlighting, be sure to inquire about special incentives for MedAxiom members when you contact us.