Private practice vs. employed physician pay: 3 key comparisons

Here are three comparisons illustrating compensation and time demand differences between private practice physicians and their employed counterparts, according to three Medscape surveys published in 2022 and 2023:

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Figure

Employed physicians

Self-employed physicians

Average annual salary

$344,000

$374,000

% “satisfied” or “very satisfied” with their income

57%

65%

% of physicians required to be on call more than 11 nights per month

11%

26%

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