Median compensation for hematologist/oncologists in group practice increased 6.8% in 2011, according to a survey by the Medical Group Management Association.
In 2011, the median compensation for the 609 hematologist/oncologists responding to the survey was $407,796, compared with $381,992 in 2010. Those in single-specialty practices earned $483,690 in 2011, compared with $381,208 for those in multispecialty practices, the MGMA reported.
There was considerable geographic variation in median compensation, with hematologist/oncologists in the Midwest earning $449,547, followed by those in the East ($403,107), the West ($389,624), and the South ($387,925).
For all specialists surveyed, median salary rose 7.7% to $384,467 in 2011, while primary care physicians had a 5.2% increase that brought their income to $212,840. Among nonphysician providers, the median compensation of $102,770 was 6.4% higher than in 2010, the survey showed.
For 2011, the MGMA’s annual compensation and production survey includes data from 62,245 physicians and nonphysician providers in 2,913 group practices.