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Survey: Top Compensation By Specialty
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Medscape recently released its annual Physician Compensation Report of almost 20,000 physician nationwide According to the report, the average overall physician salary for 2019 is $313,000. Overall salary includes compensation for patient care; employed physicians were asked to report salary, bonuses, profit-sharing.

Primary care physicians earn an average $237,000 and specialists earn an average of $347,000, which represent a 21.5% and 20% increase, respectively, over 2015 salaries 

The top 3 physician specialties by compensation are:
  • Orthopedics        $482,000
  •  Plastic surgery    $471,000
  • Otolaryngology   $461,000
  • Cardiology           $430,000
  • Dermatology        $419,000

As in previous years, the report found that female physicians earned less than male physicians. This year's report found that males earned 25% more than women. The study also found that men spent more time with patients, and women physicians spent more time on paperwork.  

The burden of paperwork and administrative work impacts physicians and has increased in recent years. The report states that in 2012 53% of physicians had 1-4 hours of paperwork per week, and 13% had 5-9 hours. That burden has skyrocketed and this year, 74% of physicians reported  over 10 hours of paperwork.

Racial disparity in earnings still exist as well. Caucasian/white physicians earned $319,000, compared with $303,000 for hispanic/latino physicians, $300,000 for Asian physicians, and $281,000 for Afircan-American physicians. 

Self-employed physicians continue to earn more than employed physicians. On average, self-employed physicians earn $359,00 and employed physicians earn $289,000.

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