1. Primary care physicians earned an average of $242,000 in 2021, according to Physicians Thrive’s 2022 “Physician Compensation Report.” Specialists earned an average of $344,000.
2. Here are the 10 highest-earning average annual physician specialties by compensation, according to Doximity’s “2023 Physician Compensation Report.”
- Neurosurgeons: $788,313
- Thoracic surgeons: $706,775
- Orthopedic surgeons: $624,043
- Plastic surgeons: $571,373
- Vascular surgeons: $557,632
- Oral and maxillofacial surgeons: $556,642
- Radiation oncologists: $547,026
- Cardiologists: $544,201
- Urologists: $505,745
- Radiologists: $503,564
3. Nationally, medical practice administrators on average make $101,340 per year, according to data from the Bureau of Labor Statistics. The lowest 10 percent earned fewer than $60,780 and the highest 10 percent earned more than $205,620.
4. Here are the average salaries of administrators, based on practice setting, according to Bureau of Labor Statistics data:
- Hospitals: $119,450
- Government facilities: $117,000
- Outpatient care centers: $99,540
- Offices of physicians: $98,230
- Nursing and residential care facilities: $83,550
5. Average physician compensation declined by 2.4 percent in 2022, compared to a 3.8 percent increase in 2021, according to the Doximity report.
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