The Rapidly Increasing Need for Cardiologists
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.
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