Since 2020, orthopedic surgeon pay has climbed, but the CMS physician conversion factor has steadily decreased over the last four years.
Here is how the average orthopedic surgeon pay compares to CMS' physician fee schedule over the last five years:
Note: Compensation data was provided by Medscape.
2024
Compensation: $558,000
CMS conversion factor: $32.74 (-3.4%)
2023
Compensation: $573,000
CMS conversion factor: $33.06 (-4.48%)
2022
Compensation: $557,000
CMS conversion factor: $33.59 (-3.73%)
2021
Compensation: $511,000
CMS conversion factor: $32.41 (-10%)
2020
Compensation: $511,000
CMS conversion factor: $36.09 (+0.14%)