Skip to main content

Annual PA Compensation Continues Rising, Increases 5.8% Over 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

2024 AAPA Salary Report Finds Median Compensation for PAs Increased from $120,000 in 2022 to $127,000 in 2023

ALEXANDRIA, Va., April 25, 2024 (GLOBE NEWSWIRE) — Physician associate/physician assistant (PA) base compensation, without bonuses, continued to rise in 2023, increasing 5.8% from $120,000 in 2022 to $127,000 in 2023. The findings were released in the 2024 American Academy of Physician Associates (AAPA) Digital Salary Report.
“The demand for PAs has never been higher and it is encouraging to see wages continue to grow to reflect the important role PAs play in today’s healthcare system,” said AAPA President and Chair of the Board Folusho E. Ogunfiditimi, DM, MPH, PA-C, DFAAPA. “Nationwide, PAs account for more than 514 million patient visits each year. According to the U.S. Bureau of Labor Statistics, the PA employment is expected to grow 27% between 2022 and 2032. The sky is truly the limit for the PA profession.”
The report highlighted that professional fulfillment and compensation among PAs has increased over the last year.
Other key findings in the 2024 report include the following:

  • 37% of PAs worked in a hospital setting and had a median compensation of over $130,000.
  • PAs who reported feeling professionally fulfilled often had a higher median compensation than their peers.
  • 90% of PAs received professional development funds.
  • The top three states for base salaries were California ($150,000), Alaska ($141,000), and Hawaii ($140,00).

The AAPA Salary Report is the only PA salary resource that provides detailed information about base salary, base hourly wage, bonuses, and benefits. The 2024 report provides detailed breakdowns based on experience, specialty, setting, and employer and reflects 2023 data. Findings are based on the 12,207 PAs who responded to the survey.
###
About the American Academy of Physician Associates (AAPA)
AAPA is the national membership organization for all physician associates/physician assistants (PAs). PAs are licensed clinicians who practice medicine in every specialty and setting. Trusted, rigorously educated and trained healthcare professionals, PAs are dedicated to expanding access to care and transforming health and wellness through patient-centered, team-based medical practice. PA was named one of the best jobs overall and one of the best healthcare jobs for the seventh year in a row by U.S. News & World Report. Learn more about the profession at aapa.org and engage through Facebook, LinkedIn, Instagram, and Twitter.

CONTACT: Josh Birch
American Academy of PAs
443-614-5896
jbirch@aapa.org

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.