NEW YORK, April 15, 2022 /PRNewswire/ -- After stagnating
during the height of the pandemic, physician salaries rebounded 7%
towards the end of 2021, with increases seen in primary care and
all other specialties, according to the results of the Medscape
Physician Compensation Report 2022: Incomes Gain, Pay Gaps
Remain, released today.
As medical practices reopened and patient volume returned to
pre-pandemic levels, salaries also increased to an overall average
of $339,000 (up from $299,999 in 2020), a jump
of more than 29% since 2015. The highest-paid physicians were
plastic surgeons ($576,000),
orthopedists ($557,000), and
cardiologists ($490,000), while
primary care physicians, pediatricians, and public health &
preventive medicine specialists reported the lowest compensation,
at $255,000, $244,000 and
$243,000, respectively.
But pay gaps along gender and racial/ethnic lines persisted
across every specialty, remaining largely unchanged since 2017. In
this year's report, male physicians in primary care earned 23% more
than female physicians, and male specialists earned 31% more than
female specialists. The specialty pay gap narrowed
slightly from 37% in 2017, which may reflect efforts by
professional specialty organizations to address gender recruitment
and pay inequities. Caucasian/White physicians overall earned more
than Latinx/Hispanic, Asian American physicians and African
American/Black physicians.
To read the full report, click here:
https://www.medscape.com/slideshow/2022-compensation-overview-6015043?faf=1
The annual Medscape Physician Compensation Report is the most
comprehensive and widely used physician salary survey in the U.S.,
assessing compensation, hours worked, time spent with patients, and
what they find most rewarding -- and challenging -- about their
jobs. The 2022 report surveyed 13,000 physicians across 29
specialties from October 5, 2021 to
January 19, 2022.
"After an extremely difficult two years, physicians are seeing a
return to more routine patient practice, and their compensation
increases are evidence of that," said Leslie Kane, MA, Senior
Director, Medscape Business of Medicine. "That said, we're seeing
little progress on pay equity – although women have made inroads
into many of the higher-earning specialties--, and physicians
continue to raise the issue of workload and administrative demands.
" "We are encouraged to see continued efforts by the medical
community.
Additional Report Highlights:
- Otolaryngologists, gastroenterologists, and dermatologists saw
the largest salary increases, between 11% and 13%. Public health
and preventative medicine specialists, oncologists, and critical
care physicians saw the lowest increases, from 1% to 3%. Yet,
public health specialists ranked highest in feeling adequately
compensated as compared with other specialties.
- Despite an overall increase, one in five physicians (21%)
reported that their salaries fell in 2021, with 70% citing the
impact of pandemic-related office closures and loss of patient
volume.
- About one in four physicians (25%) feel competition from nurse
practitioners (NPs), physician assistants (PAs), naturopaths, and
other non-physician practitioners; more than half use NPs in their
practice.
- As in previous reports, nearly one in four physicians (23%)
cited too many rules and regulations as the most challenging aspect
of patient practice and 15% pointed to difficult patients and long
hours.
Medscape Survey Methods:
The 2022 Medscape Physician Compensation Report was completed by
13,064 Medscape member physicians representing more than 29
specialty areas, currently practicing in the U.S. Participants were
invited to respond to an online survey. The margin of error for the
survey was +/- 0.86% at a 95% confidence level using a point
estimate of 50%. The sampling error for full-time respondents is
+/- 0.97%.
About Medscape
Medscape is the leading source of clinical news, health
information, and point-of-care tools for healthcare professionals.
Medscape offers specialists, primary care doctors, and other health
professionals the most robust and integrated medical information
and educational tools. Medscape Education (medscape.org) is the
leading destination for continuous professional development,
consisting of more than 30 specialty-focused destinations offering
thousands of free C.M.E. and C.E. courses and other educational
programs for doctors, nurses, and other healthcare
professionals.
Media Contact: WebMD@dkcnews.com
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SOURCE Medscape