MedAxiom Releases 2022 Report of the Cardiology Compensation and Production Survey

September 15, 2022—MedAxiom, an American College of Cardiology company, announced the release of its 2022 Report: Cardiovascular Provider Compensation and Production Survey.

In addition to the regular year-over-year comparisons, the 10th annual report features a special section on 10-year trends. MedAxiom noted that the report provides data from the largest number of providers since its debut. The data for the 2022 report were collected from approximately 200 cardiovascular programs representing almost 5,700 total cardiovascular providers.

The full report is available online at https://www.medaxiom.com/compsurvey.

As outlined by MedAxiom, highlights of the 2022 report included the following:

• Overall median cardiology compensation returned to prepandemic levels but was not as high as 2019.
• Compensation for cardiologists in private programs is only 3% lower than cardiologists in integrated programs; compared to a 20% gap 4 years ago.
• New patient visits climbed in 2021, surpassing prepandemic levels.
• Procedure volumes rebounded for all three advanced imaging modalities and cardiac catheterizations.
• Employed/integrated continues to be the overwhelmingly dominant ownership model (approximately nine out of 10 programs).

MedAxiom’s President and CEO, Jerry Blackwell, MD, MBA, FACC, commented in the company's press release, "Over the last few years, the COVID pandemic and subsequent 'Great Resignation' have made a complex healthcare environment even more volatile."

Dr. Blackwell continued, "To thrive in the new normal, cardiovascular programs need access to accurate and actionable data, expert analyses and robust reports. MedAxiom’s 10th annual report includes year-over-year comparisons that provide insights into where cardiovascular programs have returned to, or even exceeded, pre-pandemic levels and where they are still lagging."

Joel Sauer, MBA, coauthor of the report and MedAxiom’s Executive Vice President of Consulting, added "The past decade has brought many interesting and revealing changes to the practice of cardiology. From procedure shifts and the mix of cardiologists to the production and compensation alterations that result, it has been a dynamic 10 years. While no one can predict the future, the beauty of surveys is their ability to measure the past. MedAxiom is looking forward to the next 10 years of cardiology surveys to provide the community with invaluable data and peer comparisons."