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Gen - This Just InFrom: art fougner, md (evsono@pipeline.com)Mon May 17 09:33:19 1999
Well, now it's official - AMA data: Physician income down again Chicago -- For the second time in four years, median physician income fell slightly between 1996 and 1997, according to the most recent edition of the AMA's Socioeconomic Monitoring System physician survey. In 1997, the most recent year for which complete data were available, the median net income for a U.S. physician was $164,000, down 1.2% from $166,000 in 1996. The annual survey polls a representative sample of approximately 4,000 doctors. Since 1988, survey data show that physician income, adjusted for inflation, has been essentially flat. Between 1993 and 1997, median net income adjusted for inflation fell at a rate of 1.4% per year. The survey also found that as of last year, 62.3% of the nation's physicians were self-employed, with 36.1% identifying themselves as employees and 1.6% listing themselves as independent contractors. Physicians worked an average of 55 hours a week; self-employed doctors averaged 57-hour weeks, while employed doctors averaged 51. Art
-- art fougner, md SonoScan/Genetic Sciences forest hills, ny evsono@pipeline.com
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