In general, African-American, Asian and Hispanic physicians of both genders all reported earning less than white physicians; Medscape listed age, choice of specialty and possible bias as factors that may be contributing to the discrepancy. Here are the average reported annual salaries for physicians in the top five highest- and lowest-earning specialties:. For the report, Medscape surveyed more than 20, physicians across 29 specialties. To learn more, see the full report at Medscape. These are both major factors and taking them into account, among other factors, will certainly eliminate any gap. As a family doctor, I did not earn close to the earnings that are being reported in this article! The disparity in earnings between genders unfortunately had been true for me.
Physicians of color earn less than their white colleagues
A study conducted by Medscape earlier this year sheds light on the income of physicians. That’s a lot of money, but physicians are also working long hours and struggling under a mountain of debt, and as a result, many aren’t so sure that if given the chance to do it all over again that they’d still choose to practice medicine. Orthopedic doctors, or those specializing in conditions involving the muscoskeletal system, are the top income earners. Physicians practicing medicine in this specialty treat conditions such as arthritis and ACL injuries and conduct surgery, such as hip replacements. The doctors who get paid the least every year are pediatricians and physicians in family practices. In addition to the income that physicians make by treating patients, they can also earn money by providing expert witness testimony, selling products, or speaking at conferences. Overall, orthopedics make the most money from these other activities, while radiologists typically make the least. More to the story Although physicians earn big pay checks, they’re also saddled with big debt, work long hours, and are often dissatisfied by their work.
Two other factors that affect doctors’ incomes: geography and gender
The Agenda. Agenda An economist argues that American doctors get paid too much—and offers some bold ideas on what to do about it. The United States pays more than twice as much per person for health care as other wealthy countries. We tend to blame the high prices on things like drugs and medical equipment, in part because the price tag for many life-saving drugs is less than half the U. But an unavoidable part of the high cost of U. Doctors and other highly paid professionals stand out in this respect. Our autoworkers and retail clerks do not in general earn more than their counterparts in other wealthy countries.
The greatest challenges of practicing medicine
Greg Rosalsky. You can sign up here. Every year, medical students apply for residencies at hospitals around the country through the National Resident Matching Program. It’s like a dating app for med students and hospitals, and it culminates this Friday, which is Match Day, when more than 30, students find out who they’ve got a really long date with.
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Physician pay is high, but so is debt and dissatisfaction.
How much money do doctors make? That range depends heavily on specialty. That said, the table and chart below should give anyone a solid idea muhc doctor pay. According to the U. Half the doctors in the country make more than the median and half make. For a more in-depth understanding of how much doctors actually get paid, see the section makd on mojey pay by specialty. The data in the table was compiled my Medscapea service that provides research and medical information to the healthcare industry.
Most of the specialists listed below make considerably more than the median doctor pay. Doctors may make more or less money depending on where they live in the country. The map below comes from the U.
Bureau mhch Labor Statistics. Namely, they show the regions of the country where doctors generally make more money ma,e. Those areas will generally have doctors making a lot more than that, though probably not much. Doctors in the light blue areas can be expected to make a lot. In fact according to Salary. Some types of specialists are making more money and some are making. One exception is rheumatologists. Census Bureau the U. Do male doctors make more money than female doctors?
Yes, but the gap is closing. The reason may not be mney shrinkage in the degree of sexism so much as simple economics. About half of all new doctors are now women. There are also more young female doctors under age 45 than male doctors. There may be less room in bigger institutions for localized pockets mkae sexism to creep in.
BLS data is built by economists who study news sources and existing studies. Another way to learn the answer to that question is to ask it directly. Interestingly, they also make the least money of any of the doctor types surveyed.
The doctors who dp least satisfied were plastic surgeons, orthopedic surgeons and radiologists. This result may not mean money makes people unhappy. The law of supply and demand dictates that when something is in short supply and high demand, its xo will go up.
To attract more doctors to the specialty, the pay would have to go up. That extra pay probably compensates those less satisfied doctors for their decreased quality of life. Interns looking for the best place to do their residency will of course want to know how much money they might make. The choice to specialize in one area of medicine over another is a big one. Likewise, the choice to practice in one area of the country or another will be life changing.
A new service called Doximity. It is HIPAA secured and helps doctors in different hospitals and practices exchange info about patient care. Their career navigator gives real time salary info to doctors by moneyy and region.
You have to be a doctor to use Doximity. Once inside, members can access salary info collected fromidentity-protected doctors around the country. The service has an interactive map that lets interns see real time salary info by mouse-hover. If a study of 24, doctors is better than a vague national median, then information regularly updated bydocs is even better.
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Median Doctor Pay: $187,000
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