Issue link: https://beckershealthcare.uberflip.com/i/1476979
16 CFO / FINANCE 91 statistics on physician compensation | 2022 By Kelly Gooch and Nika Schoonover W ith healthcare workforce shortages persisting as a significant problem for hospitals and health systems, it is important to look at how physician compensation has been evolving. According to HHS, the seven-day average of hospitals reporting critical staffing shortages peaked at 22 percent in the second week of January. ough that number has decreased significantly since then, currently under 10 percent, staffing shortages are still a significant barrier for hospitals and health systems. Healthcare employment is still down by 176,000 from its level in February 2020, according to the U.S. Bureau of Labor Statistics. Despite compensation declining for physicians individually, according to a recent Medscape report, compensation increased overall. is is also the first time in 11 years Medscape reported an increase in income across all specialties. e following statistics provide a view of physician compensation. Note: Several surveys were used to compile this report. More information is provided at the end of the report. Average incentive bonus Orthopedics: $126,000 Ophthalmology: $100,000 Cardiology: $85,000 Gastroenterology: $74,000 Urology: $73,000 Anesthesiology: $68,000 Radiology: $66,000 Pathology: $54,000 Emergency medicine: $51,000 OB-GYN: $49,000 Physical medicine and rehabilitation: $48,000 Surgery, general: $46,000 Psychiatry: $33,000 Family medicine: $30,000 Internal medicine: $29,000 Neurology: $29,000 Pediatrics: $28,000 Highest-paying physician specialties Plastic surgery: $576,000 Orthopedics: $557,000 Cardiology: $490,000 Otolaryngology: $469,000 Urology: $461,000 Annual compensation for 29 physician specialties Plastic surgery: $576,000 (10 percent increase from 2021) Orthopedics: $557,000 (9 percent increase from 2021) Cardiology: $490,000 (7 percent increase from 2021) Otolaryngology: $469,000 (12 percent increase from 2021) Urology: $461,000 (8 percent increase from 2021) Gastroenterology: $453,000 (12 percent increase from 2021) Dermatology: $438,000 (11 percent increase from 2021) Radiology: $437,000 (6 percent increase from 2021) Ophthalmology: $417,000 (10 percent increase from 2021) Oncology: $411,000 (2 percent increase from 2021) Anesthesiology: $405,000 (7 percent increase from 2021) Surgery, general: $402,000 (8 percent increase from 2021) Emergency medicine: $373,000 (5 percent increase from 2021) Critical care: $369,000 (1 percent increase from 2021) Pulmonary medicine: $353,000 (6 percent increase from 2021) OB-GYN: $336,000 (8 percent increase from 2021) Pathology: $334,000 (6 percent increase from 2021) Nephrology: $329,000 (6 percent increase from 2021) Physical medicine and rehabilitation: $322,000 (7 percent increase from 2021) Neurology: $301,000 (4 percent increase from 2021) Allergy and immunology: $298,000 (9 percent increase from 2021) Rheumatology: $289,000 (5 percent increase from 2021) Psychiatry: $287,000 (4 percent increase from 2021) Internal medicine: $264,000 (6 percent increase from 2021) Infectious diseases: $260,000 (6 percent increase from 2021) Diabetes and endocrinology: $257,000 (5 percent increase from 2021) Family medicine: $255,000 (8 percent increase from 2021) Pediatrics: $244,000 (10 percent increase from 2021) Public health and preventive medicine: $243,000 (3 percent increase from 2021) Earnings for male and female physicians Primary care — women: $228,000; men: $285,000 (25 percent more than their female counterparts) Specialists — women: $307,000; men: $402,000 (31 percent more than female specialists) Top-earning states for physicians Kentucky: $364,000 Tennessee: $364,000 Alabama: $358,000 Missouri: $357,000 Oregon: $352,000 Indiana: $350,000 North Carolina: $348,000 Connecticut: $346,000 Texas: $346,000 Florida: $346,000 Increases for median provider compensation, by percentage Orthopedic surgery: 4.7 percent General surgery: 4.5 percent OB-GYN (general): 4.5 percent Hematology and medical oncology: 4.3 percent Cardiology: 4.2 percent Gastroenterology: 4.2 percent Neurology: 3.7 percent Family medicine: 3.5 percent Internal medicine: 3.5 percent Emergency medicine: 1.8 percent Pediatrics and adolescent-general: 1 percent Regions with highest pay increases, by specialty Southern Primary care: 7.29 percent increase Advanced practice provider: 7.49 percent increase