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Jun
12

Physician Compensation Report

work-station-straight-on-viewA 2015 Medscape Compensation Report sheds light on physicians’ earning potential.  Here are some key findings from a survey of 20,000 physicians in 26 specialties:

  • Orthopedists ($421,000) and cardiologists ($376,000) are still the top earners among physicians.
  • Physicians in private practice earn significantly more ($329,000 for specialists) than do employed physicians ($258,000 for specialists), despite the trend toward employment.
  • Male physicians earn more ($284,000) than their female counterparts ($215,000).
  • North Dakota and Alaska ($330,000) are the top-paying states for physicians, while Rhode Island ($217,000) and Maryland ($237,000) are the lowest-paying.
  • 9% of physicians have concierge or cash-only practices, the same percentage as last year, while ACO participation continues to grow.

However, it’s not what you make that’s important; it’s what you keep.  Click here to read a blog post about the Myth of the Rich Doctor that addresses the disconnect between income and wealth. 

What are your thoughts about physicians’ potential to enjoy financial independence? 

Permanent link to this article: http://medicalbridges.com/physician-compensation-report/

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