Becker's ASC Review

Sept/Oct 2016 Issue of Becker's ASC Review

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45 KEY SPECIALTIES 15 Statistics on Gastroenterologist Salary, Net Worth, Jobs & More By Anuja Vaidya H ere are 15 things to know about income, net worth, starting sal- ary, payer models and jobs for GI physicians. 1. On average, gastroenterologists earn $380,000 per year, according to the Medscape Gastroenterologist Compensation Report 2016. 2. Gastroenterologist compensation was up 3 percent from 2015, according to the 2016 Medscape compensation report. 3. e northwest region of the United States is the highest-paying for GI physicians, accord- ing to the Medscape report. • Northwest — $475,000 • West — $410,000 • Great Lakes — $407,000 • Southwest — $406,000 • Southeast — $378,000 • Northeast — $378,000 • North Central — $339,000 • South Central — $318,000 4. According to Jackson & Coker's 2015 Phy- sician Salary Calculator, there are 15,575 gas- troenterologists in the United States. e average and hourly compensation for full-time gastroenterologists is: Annual • National average compensation: $516,785 • Average benefits: $103,357 • Total average compensation: $620,142 • National average gross revenue per provid- er: $1.81 million. Hourly • National average compensation: $248.45 • Average benefits: $49.69 • Total average compensation: $298.15 • National average gross revenue per provid- er: $870.71 5. e starting salary for GI physicians is $337,500, according to the MGMA 2015 Phy- sician Placement Starting Salary Report. 6. Gastroenterologist net worth in 2016: • Under $500,000: 28 percent • $500,000 to $999,999: 15 percent • $1 million to $1.9 million: 20 percent • $2 million to $5 million: 21 percent • Over $5 million: 16 percent 7. Gender and practice situation affect phy- sician pay, noted the Medscape report. Male GI physicians who are self-employed earn $419,000 annually whereas self-employed female GI physicians earn $434,000. On the other hand, employed male gastroenterolo- gists make, on average, $321,000 per year, as compared to the $292,000 that employed fe- male gastroenterologists earn. 8. Increasingly, gastroenterologists are making the decision to join accountable care organiza- tions — 34 percent report they are currently participating and 9 percent report they plan to participate in the coming year. Four percent of GI physicians are in cash-only practices and 3 percent are in a concierge practice, according to the Medscape report. 9. A gastroenterologists' yearly salary ranges from an average of $90,720 to $590,000, ac- cording to a Salary Voicereport. • A U.S. gastroenterologist with two years of experience earned a salary of around $267,000 per year • A U.S. gastroenterologist with four years of experience earned approximately $348,010 per year • In Australia, gastroenterologists were paid an annual average income of AUD$120,000 • In Canada, the average yearly salary for a gastroenterologist was $208,800 • In the United Kingdom, salary varied based on age and experience of the gastroenterolo- gist — from £56,973 for a physician in their 20s to around £88,118 for a physician in their 40s and 50s 10. Gastroenterologists receive up to approxi- mately $79,189 in bonuses every year and earn $32,500 in yearly profit-sharing, data from PayScale.com shows. 11. Payscale.com also shows that entry-level pay for GI physicians is around $293,000 per year while annual salary for gastroenterolo- gists in the middle of their careers (five to 10 years) is approximately $311,000. 12. Experienced GI physicians (10 to 20 years) typically earn $303,000 annually and gastroenterologists late in their career (more than 20 years) make around $300,000 per year, according to Payscale.com. 13. A Health eCareers Network Gastroenterol- ogy Fact Sheet shows that in 2015, there were 1,347 gastroenterologist jobs posted with 667 employers competing to attract GI physicians. 14. Last year, the top five states seeking gas- troenterologists were California, Florida, New York, Pennsylvania and Washington, ac- cording to Health eCareers. 15. e majority of jobs openings (94 per- cent) posted on Health eCareers were focused on general gastroenterology. Also, 47.5 per- cent of the postings were for jobs at hospitals or health systems. n Top 10 US States With Most Anesthesiologists By Anuja Vaidya A s of April 2016, there were 46,453 anesthesiologists in the United States, accord- ing to Kaiser State Health Facts. Here are the top 10 states with the highest number of anesthesiolo- gists: 1. California: 5,624 2. New York: 3,874 3. Texas: 3,492 4. Florida: 2,625 5. Pennsylvania: 2,146 6. Illinois: 1,931 7. Ohio: 1,820 8. Massachusetts: 1,634 9. New Jersey: 1,578 10. Michigan: 1,471 n

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