Health reform is supposed to emphasize healthcare quality when it comes to physician income, as a counterweight against patient volume. But while physicians wait for that concept to manifest in actual payment-model changes, volume continues to be a crucial factor in your compensation, as it is the most logical reaction to decreasing reimbursement and increasing overhead. Within these slides find data on how physicians are faring right now, culled from our survey of more than 1,700 doctors in every specialty. Once you’ve seen the data, don't forget to check out our article for further guidance on how to cope with shifting reimbursement while maintaining your own income in the meantime.
A third of radiologists saw their income fall in 2011. And a third had compensation that was about the same as in 2010.
Only 12.5 percent of radiologists consider their compensation excellent. In fact, 46 percent consider their income disappointing. Certainly, many dedicate a good amount of gross revenue to overhead, with 18 percent suffering overhead rates in the 51to 60 percent range. That's compared to an equal number of their peers, who pay out only 11 to 20 percent in overhead.
The recession impacted radiologist incomemore than other specialties studied. Forty-six percent of radiologists report that the recession caused a large loss of income.