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Annual Medscape Findings
[By Staff Reporters]
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iMBA Inc., Historical Review
[By Hope R. Hetico RN MHA CMP™]
[By Dr. David Edward Marcinko MBA CMP™]
http://www.CertifiedMedicalPlanner.org
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Other MEDICAL Professional SALARIES
Dentists are Different
A 2003 Survey of Dental Practices reported net income from dentistry-related sources. Dentists differ from physicians in that 90% are in private practice.
In 2002, the average practitioner’s net income was $174,350. The average dental specialist’s net was $291,250. These figures represent a 0.7% and a 5.8% increase over 2001, respectively. Net income rose steadily since 1986, when general dentists made an average of $69,920 and specialists an average of $97,920.
But, by 2010, according to PayScale.com, the average general dentist earned $98,276 – $157,437; a decreasing trend allocated as follows.
| Salary | $92,689 – $147,682 |
| Bonus | $1,996 – $19,727 |
| Profit Sharing | $1,038 – $27,514 |
| Commissions | $480.74 – $32,500 |
Source: http://www.ada.org/prof/resources/pubs/dbguide/newdent/income.asp#private
Source: http://www.payscale.com/research/US/Job=Dentist/Salary
So Are Chiropractors
According to Salary.com, the median salary for strictly office-based chiropractors was $78,994 in 2005; while Collegegrad.com reported the median annual earnings of a salaried chiropractor as $65,330 in 2002; with the middle 50% earning between $44,140 and $102,400.
The U.S. Bureau of Labor Statistics estimated chiropractors earned an average salary of $84,020 in 2004. A Chiropractic Economics survey in 2005 suggested mean salary at $104,363.
Another survey, for 2007, in Chiropractic Economics is available here: http://www.chiroeco.com/article/2007/Issue8/images/CES&ESurvey2007.pdf
And, a range of $44,511 – $82,826 was reported in 2010 by PayScale.com, allocated as follows:
| Salary | $42,106 – $78,129 |
| Bonus | $1,008 – $10,205 |
| Profit Sharing | $973 – $8,139 |
| Commission | $750 – $10,113 |
| Total PayXTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare). | $44,511 – $82,826 |
Source: http://www.payscale.com/research/US/Job=Chiropractor/Salary
Podiatrist’s Potential Rising
The salary range for a podiatrist, or Doctor of Podiatric Medicine, in 2006 was reported as $128,000 to $292,000 according to http://www.allied-physicians.com/salary_surveys/physician-salaries.htm.
This robust growth was likely due to expanded education, training, and general allopathic and osteopathic acceptance by the medical community, as well as by insurance companies, employers, patients and various governmental agencies and third party payers.
Increased surgical sub-specialization, in-patient hospital and ambulatory out-patient surgical center activity were also positive compensation factors.
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Conclusion
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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Career Development, CMP Program, iMBA, Practice Management | Tagged: doctor compensation, physician salary |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Doc Salaries?
What Ezekiel Emanuel gets wrong about physician salaries.
http://www.kevinmd.com/blog/2015/05/what-ezekiel-emanuel-gets-wrong-about-physician-salaries.html
Ann Miller RN MHA
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Female Doctors Made 28% Less Than Their Male Peers in 2017
Doximity Inc. recently released a report on the gender wage gap among physicians. Here are some key findings from the report:
• Female doctors made 28% less than their male peers in 2017.
• On average, male doctors made $380,866, while women made $275,311.
• Female urologists earned $349,000 while men earned $434,000.
• Female private practice owners/partners made $306,039 while males made $420,629.
• In gastroenterology, women earned $378,000 and men earned $465,000.
• Female orthopedic surgeons made $442,000 while males earned $543,000.
Source: Bloomberg, March 14, 2018
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Female Physician Pay
Texas doctor faces backlash after saying women make less because they ‘don’t work as hard’.
http://www.msn.com/en-us/news/world/texas-doctor-faces-backlash-after-saying-women-make-less-because-they-%e2%80%98don%e2%80%99t-work-as-hard%e2%80%99/ar-BBMMHYx?li=BBnbfcL
Ramona
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Vast Majority of Docs will get a Pay Bump under MIPS—But it Won’t be Much
Most doctors and other clinicians did okay in the first year of the Merit-based Incentive Payment System (MIPS). More than 90% of the doctors and clinicians who participated in MIPS will receive a pay bump based on their performance in 2017, said CMS administrator Seema Verma in a blog post about the program implemented under MACRA in which clinicians receive either a positive, negative, or neutral payment adjustment based on their performance. However, it won’t be much.
Even those with the highest performance scores only earned a 1.88% positive adjustment. That left many physicians disheartened. Overall, 95% of participants avoided a negative payment adjustment, Verma said. That leaves only 5% of participants with a negative 4% payment adjustment. 71% earned a positive adjustment and an adjustment for exceptional performance and received a 1.88% adjustment, 22% earned a positive payment adjustment only and received a .20% adjustment, and 2% received a neutral adjustment (no increase or decrease).
Source: Joanne Finnegan, Fierce Healthcare [11/8/18]
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DENTISTS Salary 2021
https://www.msn.com/en-us/money/careersandeducation/how-much-do-dentists-make/ar-AAMexFw
Xavier
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