Medscape Compensation Report
By Vicki Rackner MD
A 2015 Medscape Compensation Report sheds light on physicians’ earning potential.
Here are some key findings from a survey of 20,000 physicians in 26 specialties:
- Orthopedists ($421,000) and cardiologists ($376,000) are still the top earners among physicians.
- Physicians in private practice earn significantly more ($329,000 for specialists) than do employed physicians ($258,000 for specialists), despite the trend toward employment.
- Male physicians earn more ($284,000) than their female counterparts ($215,000).
- North Dakota and Alaska ($330,000) are the top-paying states for physicians, while Rhode Island ($217,000) and Maryland ($237,000) are the lowest-paying.
- 9% of physicians have concierge or cash-only practices, the same percentage as last year, while ACO participation continues to grow.
However, it’s not what you make that’s important; it’s what you keep. Click here to read a blog post about the Myth of the Rich Doctor that addresses the disconnect between income and wealth.
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More:
- More on the Doctor Salary Conundrum
- MD Salary versus Net-Worth Conundrum [.ppt slide-show presentation]
- More on Doctors and Personal Net Worth
- Rich Doctor’s?- Maybe Not!
So, what are your thoughts about physicians’ potential to enjoy financial independence?
ABOUT
Vicki Rackner MD is an author, speaker and consultant who offers a bridge between the world of medicine and the world of business. She helps businesses acquire physician clients, and she helps physicians run more successful practices. Contact her at (425) 451-3777
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Conclusion
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
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
There is no other comprehensive book like it to help doctors, nurses, and other medical providers accumulate and preserve the wealth that their years of education and hard work have earned them.
—Dr. Jason Dyken MD MBA
[Dyken Wealth Strategies, Gulf Shores, Alabama]
Filed under: Career Development, Health Economics, Surveys and Voting | Tagged: doctor compensation, Medscape Compensation Report, Mid-Year Update Physician Compensation, physician salary, Vicki Rackner MD | 5 Comments »