The report, published Jan. 27, outlines compensation and hiring trends to help physicians collect industry data to analyze the healthcare landscape.
10 key trends from the report:
1. Primary care physicians earned an average of $242,000 in 2021, down from $243,000 in 2020.
2. Specialists earned an average of $344,000 in 2021, down from $346,000 in 2020.
3. Physicians in the Midwest earned the highest salaries. Physicians in the East earn the least.
4. Plastic surgery, orthopedic surgery and cardiology are the three highest-earning specialties.
5. The biggest salary increases were in plastic surgery and oncology.
6. The biggest salary decreases were in allergy/immunology and otolaryngology.
7. On average, female physicians earned 25 percent less than male physicians in the same specialty.
8. Fifty-five percent of specialists earned an incentive bonus.
9. Fifty-nine percent of primary care physicians earned an incentive bonus.
10. Multispecialty group practices saw the biggest growth of any practice setting, at 4.1 percent.
