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OCTOBER 22, 2024

How Physicians Have Fared Financially Since COVID-19

Study Shows Wide Specialty Variability, With Surgeons Not Back to Baseline

By Anna Tsioulias

With stay-at-home orders, hospital restrictions and resource limitations, the COVID-19 pandemic resulted in a significant decline in physician gross revenue that affected all specialties, with surgical specialties experiencing an 11% adjusted gross revenue reduction in 2020 relative to pre-pandemic baseline amounts. Although many specialties made a robust recovery in 2022, surgical revenue remained below baseline, according to a study published in Health Affairs in July