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Selected primary care specialties
Family practice (without OB) $189,402
Internal medicine $205,379
Pediatric/Adolescent medicine $192,148
Selected specialty care specialties
Cardiology: Invasive $500,993
Emergency Medicine $277,297
Orthopaedic Surgery $514,659
Radiology: Diagnostic $471,253
Surgery: General $343,958
Data from MGMA’s Physician Compensation and Production Survey-2011 Report Based on 2010 Data.
Medscape’s out with their latest physician compensation survey. And though the physician jobs with the highest income are the same as last year—Radiology, Orthopedics, Cardiology and Anesthesiology—the compensation figures as a whole have declined.
For example, the average compensation for Radiologists in last year’s survey was $350,000—and this year comes in at $315,000. Cardiologists and anesthesiologists tied last year at $325,000 for average salary, and this year come in at $314,000 and $309,000 respectively.
These compensation figures were collected from 24,126 physicians nationwide.
Click the link for physician jobs in that specialty.
Plastic Surgery: $270,000
General Surgery: $265,000
Pulmonary Medicine: $242,000
Critical Care: $240,000
Emergency Medicine: $237,000
Internal Medicine: $165,000
Family Medicine: $158,000
Topics: Compensation & Salary
You’ll find regional differences throughout the U.S. when it comes to food, accents…and average salaries for physician jobs.
But you might be surprised to learn that it’s not a region filled with major metropolises that offers the highest mean physician salary.
According to the Medscape Physician Compensation Report: 2012 Results, it’s the North Central region (North Dakota, South Dakota, Nebraska, Kansas, Iowa and Missouri)—the same states as last year’s report—where salaries are highest.
Here’s the breakdown of mean physician compensation by region, according to the report:
Topics: Compensation & Salary
Medscape’s Physician Compensation Report 2011 determined the overall satisfaction level of 22 specialties. Overall satisfaction was ranked by averaging responses to questions about compensation and career and specialty choice.
Dermatologists ranked highest in every question, coming in with an 80 percent overall satisfaction rate.
“Flexibility and predictability are two reasons dermatologists enjoy higher levels of job satisfaction,” says Amy Derick, M.D., owner of Derick Dermatology, LLC. “Dermatologists can sub-specialize or do it all: pathology, surgery, cosmetics, pediatrics, adult patients, etc. Dermatologists can work routine daytime hours (full time or part time) and thus have predictable family time in the evenings not typically interrupted by emergencies.”
Radiologists came in second as a group in overall satisfaction (72 percent).
John A. Patti, M.D., FACR, radiologist at Massachusetts General Hospital and chairman of the American College of Radiology Board of Chancellors, has been practicing for 36 years.
He’s not surprised that his specialty ranked so high among physician
“You’re at the center
of everything,” he says. “There’s very little diagnosis that occurs today without the use of imaging. That makes you able to interact with a wide range of physicians and a wide range of patients.” more »
WITH THE COST OF EVERYTHING RISING—from food to gas to tuition for schools— here’s some good financial news: Overall, physicians in 76 percent of specialties saw their compensation rise in 2009.
Physicians specializing in pulmonary disease, dermatology and urology saw among the biggest compensation increases; for specialties overall, the average was a 3.4 percent rise.
The highest-paid specialties reported include cardiac and thoracic surgery, orthopedic surgery and subspecialties, cardiology-cath lab, and diagnostic radiology-interventional (in bold at right).
Those compensation figures are detailed in the American Medical Group Association’s 2010 Compensation and Financial Survey (2009 data).
Notes the report: “Many factors influence a change in physician compensation, some of which are market demand for certain specialists and new technologies or new procedures that impact the physician’s overall productivity.” more »
Physician compensation is an important factor that affects the decision to enter into the medical profession, choice of medical specialty, practice location, and it can drive productivity. The American Medical Group Association’s 2009 (AMGA), compensation survey (based on 2008 data) compares physician compensation by geographic region.
As expected, specialists earn more than physicians in family medicine, internal medicine, and pediatrics. Orthopedic surgery, radiation therapy, and obstetrics and gynecology rate among the highest-paid specialties. Physicians practicing family medicine earn an average annual compensation of $197,655, while neurological surgeons are on top, earning an average of $548,186 annually. Earnings can vary according to number of years in practice, the number of hours worked, and professional reputation. Survey data shows that earnings can also vary regionally from a low of $480,676 in the East to a high of $570,076 in the West in a specialty such as cardiac and thoracic surgery. more »
United States general practitioners and specialists are among the highest paid physicians in the world, according to a 2007 Congressional Research Service report.
However, a direct cross-country comparison is challenging due to the varying standards of living provided by the same salary in different locations. Here are two ways of making the comparison:
One analysis adjusts salaries by purchasing-power parities. In this comparison, the numbers are adjusted to allow $1,000 to buy an equal amount of goods and services in every country, making it possible to appreciate the standards of living (Average Compensation in U.S. Dollar Purchasing Power, columns 2 and 4). General practice physicians rank at the top in this comparison, with specialists not far behind.
Radiology tops the list of starting salaries for physicians according to the Medical Group Management Association’s (MGMA) 2008 Physician Compensation and Production Survey. While nuclear medicine radiology tops the charts with a starting median salary of more than $478,000, diagnostic noninvasive radiology comes in at fourth on the list with a median starting salary of $360,000. Radiology holds up well for established radiologists who practice either nuclear or diagnostic radiology, with both subspecialties in the top three. Established diagnostic radiologists earn median salaries of more than $450,000 followed closely by $413,000 for their colleagues in nuclear radiology. more »
Topics: Compensation & Salary