Here are eight points on sports medicine physician compensation based on MGMA's Physician Compensation and Production Survey: 2011 Report Based on 2010 Data.
1. Overall compensation: $645,602
The overall compensation for sports medicine surgeons is high compared to other orthopedic subspecialists, although it is about $30,000 lower than joint replacement surgeons. The overall compensation for sports medicine surgeons was lower than in 2009, when they were the second highest compensated orthopedic subspecialists. Compared to other specialists outside orthopedics, sports medicine surgeons faired well last year, receiving considerably more than reports for cardiology, oncology and anesthesiology.
2. Private Practice: $584,050
Sports medicine surgeons in private practice received around $34,000 more than their counterparts who were employed by hospitals. Among orthopedic subspecialists in private practice, sports medicine surgeons were on the low end of the spectrum with spine surgeons, pediatric orthopedic surgeons and joint replacement surgeons all receiving at least $5,000 more. However, when compared with other specialists in private practice, sports medicine surgeons were relatively high on the spectrum, receiving at least $100,000 more than gastroenterologists and cardiovascular surgeons.
3. Single specialty group: $599,788
Sports medicine surgeons practicing in a single specialty group received nearly $50,000 more than their counterparts in a multispecialty group. Despite being on the high end of overall compensation, they were right in the middle of the orthopedic subspecialist compensation in single specialty groups. Spine surgeons, orthopedic trauma surgeons and pediatric orthopedic surgeons in the same situation all received at least $20,000 more on average than sports medicine surgeons. Joint replacement surgeons received comparable compensation while extremities subspecialists received much less.
4. Multispecialty group: $550,000
Despite receiving less than sports medicine surgeons in a single specialty group, sports medicine physicians in a multispecialty group received more than orthopedic trauma, pediatric and extremities subspecialists in the same situation. Joint replacement surgeons received approximately $32,000 more than sports medicine surgeons in a multispecialty group.
5. Shareholder in practice: $629,487
Sports medicine surgeons who were shareholders in their practices received nearly $145,000 more than their counterparts who were not shareholders in their practices. Among orthopedic subspecialists, sports medicine surgeons received comparable compensation to trauma and spine surgeons who were shareholders in their practices. Sports medicine surgeons received significantly more than extremities and joint replacement surgeons who were also shareholders in their practices.
6. Hospital employed: $550,000
Sports medicine surgeons employed at hospitals received less than their counterparts in private practice, but more than orthopedic pediatric surgeons and extremities specialists. Their compensation was comparable to other specialists, such as cardiologists. However, sports medicine specialists in both private practice and employed by hospitals received at least $300,000 more than family practice sports medicine specialists.
7. Practicing in the South: $665,418
Sports medicine surgeons practicing in the South received more than their counterparts in any other region of the country. They received in excess of $149,000 more than in the lowest compensating region, the East. Sports medicine specialists in the Midwest and West received $637,963 and $558,888, respectively.
8. Retirement benefits: $34,327
Sports medicine surgeons received nearly $10,000 more than pediatric orthopedic surgeons in retirement benefits. Orthopedic trauma and spine surgeons both received around $1,000 more than sports medicine surgeons, and joint replacement surgeons received approximately $4,000 more than sports medicine surgeons.
Learn more about MGMA.
Related Articles on Physician Compensation:
8 Statistics on Pediatric Orthopedist Compensation
10 Benchmarks for General Orthopedic Surgeon Compensation
Spine Vs. Neurosurgeon Compensation: 5 Points on Who Received More
The overall compensation for sports medicine surgeons is high compared to other orthopedic subspecialists, although it is about $30,000 lower than joint replacement surgeons. The overall compensation for sports medicine surgeons was lower than in 2009, when they were the second highest compensated orthopedic subspecialists. Compared to other specialists outside orthopedics, sports medicine surgeons faired well last year, receiving considerably more than reports for cardiology, oncology and anesthesiology.
2. Private Practice: $584,050
Sports medicine surgeons in private practice received around $34,000 more than their counterparts who were employed by hospitals. Among orthopedic subspecialists in private practice, sports medicine surgeons were on the low end of the spectrum with spine surgeons, pediatric orthopedic surgeons and joint replacement surgeons all receiving at least $5,000 more. However, when compared with other specialists in private practice, sports medicine surgeons were relatively high on the spectrum, receiving at least $100,000 more than gastroenterologists and cardiovascular surgeons.
3. Single specialty group: $599,788
Sports medicine surgeons practicing in a single specialty group received nearly $50,000 more than their counterparts in a multispecialty group. Despite being on the high end of overall compensation, they were right in the middle of the orthopedic subspecialist compensation in single specialty groups. Spine surgeons, orthopedic trauma surgeons and pediatric orthopedic surgeons in the same situation all received at least $20,000 more on average than sports medicine surgeons. Joint replacement surgeons received comparable compensation while extremities subspecialists received much less.
4. Multispecialty group: $550,000
Despite receiving less than sports medicine surgeons in a single specialty group, sports medicine physicians in a multispecialty group received more than orthopedic trauma, pediatric and extremities subspecialists in the same situation. Joint replacement surgeons received approximately $32,000 more than sports medicine surgeons in a multispecialty group.
5. Shareholder in practice: $629,487
Sports medicine surgeons who were shareholders in their practices received nearly $145,000 more than their counterparts who were not shareholders in their practices. Among orthopedic subspecialists, sports medicine surgeons received comparable compensation to trauma and spine surgeons who were shareholders in their practices. Sports medicine surgeons received significantly more than extremities and joint replacement surgeons who were also shareholders in their practices.
6. Hospital employed: $550,000
Sports medicine surgeons employed at hospitals received less than their counterparts in private practice, but more than orthopedic pediatric surgeons and extremities specialists. Their compensation was comparable to other specialists, such as cardiologists. However, sports medicine specialists in both private practice and employed by hospitals received at least $300,000 more than family practice sports medicine specialists.
7. Practicing in the South: $665,418
Sports medicine surgeons practicing in the South received more than their counterparts in any other region of the country. They received in excess of $149,000 more than in the lowest compensating region, the East. Sports medicine specialists in the Midwest and West received $637,963 and $558,888, respectively.
8. Retirement benefits: $34,327
Sports medicine surgeons received nearly $10,000 more than pediatric orthopedic surgeons in retirement benefits. Orthopedic trauma and spine surgeons both received around $1,000 more than sports medicine surgeons, and joint replacement surgeons received approximately $4,000 more than sports medicine surgeons.
Learn more about MGMA.
Related Articles on Physician Compensation:
8 Statistics on Pediatric Orthopedist Compensation
10 Benchmarks for General Orthopedic Surgeon Compensation
Spine Vs. Neurosurgeon Compensation: 5 Points on Who Received More