ATLANTA, GA (May 26, 2011)- Physician compensation accounts for
roughly eight percent of the total annual healthcare costs in the
U.S., according to Jackson Healthcare, an
Atlanta-based healthcare staffing and technology company.
"At eight percent of total healthcare costs, if physicians
worked for free we would still have a serious cost problem," said
Richard L. Jackson, chairman and chief executive officer of Jackson
Healthcare. "What this figure shows is that physician pay is not
the primary contributor to healthcare costs."
According to the most recent estimate from The Centers for
Medicare and Medicaid Services (CMS), overall U.S. healthcare
spending in 2009 was $2.5 trillion. CMS reports that $505
billion accounts for physician and clinical services.
According to data from Medical Group Management Association (MGMA),
physician compensation accounts for 37 percent of total
collections, or $186 billion (7.5 percent of total U.S. healthcare
Calculating the percentage using the most recent statistics on
the number of practicing physicians in the U.S. from the American
Medical Association and salary figures from MGMA, annual aggregate
physician salaries total $216 billion, or 8.6 percent of total U.S.
healthcare costs. The MGMA statistics were obtained from a
2010 report using 2009 data.
To review Jackson Healthcare's other physician surveys visit JacksonHealthcare.com/Research.
The Centers for Medicare and Medicaid report defined
"physician and clinical services" as follows: "Services provided in
establishments operated by Doctors of Medicine (M.D.) and Doctors
of Osteopathy (D.O.), outpatient care centers, plus the portion of
medical laboratories services that are billed independently by the
laboratories. This category also includes services rendered by a
doctor of medicine (M.D.) or doctor of osteopathy (D.O.) in
hospitals, if the physician bills independently for those services.
Clinical services provided in freestanding outpatient clinics
operated by the U.S. Department of Veterans' Affairs, the U.S.
Coast Guard Academy, the U.S. Department of Defense, and the U.S.
Indian Health Service are also included. The establishments
included in Physician and Clinical Services are classified in NAICS
6211-Offices of Physicians, NAICS 6214-Outpatient Care Centers, and
a portion of NAICS 6215-Medical and Diagnostic
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