I have preached and preached about the need for physicians to strategically plan their futures – there are just too many pressures today impacting practice net incomes. Here is proof from an article posted at www.healthleadersmedia.com:
Doctors’ pay falling
Doctors may be well off compared with the bulk of their patients, but a new study says fees physicians get from the government and private insurers aren’t keeping up with inflation. The Center for Studying Health System Change said net incomes for physicians fell from an average of $180,930 in 1995 to $168,122 in 2003, a decline of about 7 percent, when adjusted for inflation.
The Tennessean – June 27, 2006