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PCPs earned an average of $251k in 2022, a 3% increase over 2021—the highest historical average recorded to date. Grouped together, specialists earned an average of $351k in 2022, up from $344k in 2021. Surgical specialists continue to be among some of the highest-paid professionals in medicine.
Nov 9, 2023 · Which specialties earn the most? That number can vary, depending on whether compensation figures include salary, bonus, profit-sharing contributions, and the like. But according to Medscape's 2023 physician compensation report, [3] the top five highest earning specialties (based on full-time salary only) are: Plastic surgery: $619K.
Oct 16, 2023 · How much money do doctors make in the US? The median annual wage across 17 specialties is $229,300 — but individual doctors’ earnings vary, particularly for those practicing in Hawaii, Minnesota, Oklahoma, or West Virginia.
Apr 12, 2024 · 2023 was another year of steady pay gains for US physicians. It was an unusual year in that inflation could undercut doctors' contentment with their take-home pay. Narrowing of compensation...
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- Average Physician Income
- Women Physicians’ Salaries Continue to Trail Men’s
- Self-Employed Physicians Earn More Than Employed Physicians
- The Highest and Lowest-Paying States For Physicians
- Challenges Physicians Are Facing
- How Physician Specialties Compare in Administrative Burden
- Advanced Practice Providers Are Physicians’ Biggest Competitors
- Many Locum Physicians Satisfied with Locum Tenens Compensation
The average physician income was $352,000 vs. $339,000 in 2022. Most specialists also saw an uptick in compensation, landing at $382,000, up from $368,000 in 2022 and $344,000 in 2021. Primary care physicians saw an increase in salary as well, with an average income of $265,000 compared to $260,000 in 2022. Income is expected to continue to rise ac...
Women physicians are branching into more specialties but also still earn less than men. On average, men make $286K and women physicians make $239K. This is a 19% pay gap, which is an improvement from 25% a few years ago. The percentage of women in specialties also continues to increase. Urology, for instance, increased from having 8% of female phys...
As the report points out, self-employed physicians, which includes locum tenens physicians, earn more than employed physicians on average. Self-employed doctors earned an average of $374K vs. $344K for employed. Many physician specialties earn higher hourly pay working as locum physicians, according to pay ranges published for some of the largest s...
The top five states to work for higher salaries include Wisconsin ($379K), Indiana ($372K), Georgia ($363K), Connecticut ($362K), and Missouri ($361K). The lowest-compensating U.S. states are Maryland ($360K), Colorado ($327K), Virginia ($330K), Massachusetts ($331K), and Arizona ($334K). Here’s a look at the top-earning states for locum tenens phy...
Any job comes with its challenges, and working as a doctor has especially unique and complex problems. In the survey, physicians said their biggest pain points were: Too many rules and regulations 21% Working long hours 16% Dealing with difficult patients 13% Working with an EHR system 13% Worrying about getting sued 7% So what keeps them in their ...
Some physician specialties spend more time than others on paperwork and administrative duties, adding up to nearly half of the work week. For instance, physical medicine and rehab doctors spend the most time on paperwork (19 hours), followed by critical care physicians, internists, nephrologists, neurologists, and oncologists, who all spend an aver...
Competition appears to be heating up, especially from advanced practice providers according to the report. In the prior year’s report, 67% of physicians said they were not affected by competition from non-doctors. This year, 63% say they are facing more competition. Physicians’ biggest competitors are nonphysician practitioners like physician assis...
Many locum physicians say they earn as much or more than their counterparts in permanent employed positions, which tends to alleviate the feelings of being unfairly compensated for their time while reducing administrative burden and increasing schedule flexibility. Urologist Dr. Theodore Ning wanted a way to work less while earning nearly as much a...
It is clear physician salaries did not keep pace with the high rate of inflation in 2022, which reached a 40-year high of 9.1% in June, as measured by the Consumer Price Index (CPI).3 As a result, many doctors experienced a decline in real income, as inflation ran rampant.
Mar 27, 2024 · Factoring in all types of specialties, doctors in the US make an average of $352,000 per year. This average is across every type of MD doctor, including specialists. On average, specialists make more due to the extra training it requires to become a specialist.
