How to prepare your facility and combat shortages.
The demand for cardiologists will increase annually as much as 18 percent through 2025. It’s already sparking dramatic one-year increases in total cash compensation.
General cardiologists earned the biggest jump in cash compensation amongst all medical specialties – a 4.4 percent increase. Furthering salary growth:
- The number of cardiologists grew only 1 percent from 2010-2015, compared to an average increase of 7.7 percent for other specialties.
- A geographic maldistribution exists as fewer cardiologists are able to reach vulnerable patients in underserved areas.
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As the number of new cardiologists continues to decline, facilities like yours are working on recruitment strategies that set your facility apart and staffing plans that combat cardiologist burnout.
Sources: Becker’s Hospital Review, PYAPC.com, U.S. Bureau of Labor Statistics.