1. On average, physicians in the U.S. earned the most ($316,000) per year, followed by Germany ($183,000) and the U.K. ($138,000). Physicians in Mexico earned the least at $12,000.
2. Primary care physicians earned an average of $242,000 in 2021, down from $243,000 in 2020.
3. Physician compensation at physician-owned practices since 2006 has mostly met or exceeded that of hospital-owned practices.
4. Physician pay decreased for these four specialties:
- Cardiology (Interventional): 13.7 percent decrease — from $611,000 to $527,000
- Hematology: 5.2 percent decrease — from $426,000 to $404,000
- Radiology: 2.1 percent decrease — from $465,000 to $455,000
- Pediatrics: 1.7 percent decrease — $236,000 to $232,000
5. Physician pay increased for these eight specialties:
- OB-GYN: 10.3 percent increase — from $291,000 to $321,000
- Anesthesiology: 9 percent increase — from $367,000 to $400,000
- Cardiology (Non-invasive): 8.5 percent increase — from $446,000 to $484,000
- Neurology: 7.3 percent increase — from $332,000 to $356,000
- Gastroenterology: 4.6 percent increase — $453,000 to $474,000
- Orthopedic surgery: 3.5 percent increase — from $546,000 to $565,000
- Urology: 2.6 percent increase — from $497,000 to $510,000
- Internal medicine: .4 percent increase — from $255,000 to $256,000
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
