|Articles|September 16, 2008

Physician's Money Digest

  • November30 2003
  • Volume 10
  • Issue 22

Doctors at Work

Specialists withlong hours:

The 40-hour workweek has neverbeen routine for physicians, but the 2003Physician Compensation & ProductionSurvey from the Medical Group ManagementAssociation (www.mgma.com)shows that for several specialties, includinginternal medicine (40.3 hours) andfamily practice (39.6 hours), the 40-hourweek is about average. interventional cardiologists(49.9 hours), anesthesiologists (47.8hours), and general surgeons (46.3hours). Those doctors who had shorterweeks were emergency room physicians(38 hours), dermatologists (38.3 hours),and ophthalmologists (39 hours). As forwhat the doctor's work brought in, themedian gross charges for a primary caremedicine practice were about $439,000.That represents a 5.1% growth over theprevious year and a 6.1% annual increaseover 5 years. The medical specialty withthe highest median annual gross chargeswas invasive cardiology ($1.5 million);the lowest was psychiatry ($374,539).

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Watch Out for Retirement Plan Tax Traps

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Portfolio CHECK-UP

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Reconsider Taxable Retirement Accounts

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Benefit from Social Security Knowledge

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Understand Physicians' Financial Phases

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Take Time to Build, and Later to Mourn

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Prepare for Tomorrow's Realities Today

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