IFM | Family Physician Compensation: Myths, Models and Using the AAFP Career Benchmark Dashboard

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IFM | Family Physician Compensation: Myths, Models and Using the AAFP Career Benchmark Dashboard

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In this episode of Inside Family Medicine, we hear from Norman Chenven, MD, founding CEO of Austin Regional Clinic (ARC), and AAFP Director of Career and Practice, Tracey Allen-Ehrhart. They discuss family physician compensation, common income myths, and tools for evaluating job offers. Chenven explains why he chose family medicine and outlines how compensation varies by geography, practice type, work hours, productivity, coding, patient satisfaction, and value-based quality measures. Allen-Ehrhart highlights the AAFP Career Benchmark Dashboard, which offers family physicians real-world compensation data and includes filters by role and state for tailored searches. They also compare employed roles and practice ownership, discuss risks associated with private equity and health system stability, and share advice and resources for evaluating employers and reviewing contracts. Topics by Timestamp 00:00 Welcome and Guests 01:20 Why Family Medicine 02:27 Compensation Basics 05:05 Benchmark Dashboard 06:27 Ownership vs Employment 09:52 Myths and Reality 10:50 Advice for New Docs 13:42 Negotiate Your Worth 16:17 Resources and Wrap Up Additional Resources Comparing Physician Compensation Family Medicine Compensation and Career Satisfaction Benchmark Dashboard Understanding and Improving Your Work RVUs Disclaimer: Copyright 2026, AAFP. The views presented in this broadcast are the speaker's own and do not represent those of AAFP. The information presented is for general, educational, or entertainment purposes and should not be considered legal, health, financial, or other advice. The AAFP makes no representation as to the accuracy or completeness of the information and is not responsible for results that may arise from its use. Consult an appropriate professional concerning your specific situation and respective governing bodies for applicable laws. Reference to any specific product or entity does not constitute an endorsement or recommendation by AAFP unless specifically stated otherwise. AAFP and the AAFP logo are registered trademarks of American Academy of Family Physicians.

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