Average physician income by practice setting

The average physician in private practice in 2022 made $284,500, according to Medical Economics’ “94th Physician Report” released Aug. 4.

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The report collected data from Medical Economics’ physician audience on salary, productivity and more.

Here are the average incomes for physicians in different practice settings from 2019 to 2022: 

Private practice

2019: $282,000

2020: $268,000

2021: $264,000

2022: $284,500

Hospital-owned practice

2019: $290,000

2020: $297,000

2021: $289,000

2022: $292,000

Inpatient hospital

2019: $276,000

2020: $274,000

2021: $262,000

2022: $291,000

Nonprofit

2019: $248,000

2020: $254,000

2021: $233,000

2022: $236,000

Concierge practice/ direct pay model 

2019: N/A

2020: N/A

2021: N/A

2022: $314,000

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