Boston-based Harvard Medical School researchers accounted for medical specialty, experience and number of hours worked in their study. They analyzed data from two surveys which included 12,843 white male, 518 black male, 3,880 white female and 342 black female physicians. Researchers did not include household income or income from investments in their study, solely focusing on income from services rendered.
Here are five things to know:
1. The data showed white physicians’ adjusted median annual income was $253,042, amounting to $64,812 more than black male physicians who had an adjusted medical annual income of $188,230.
2. White female physicians had adjusted median annual income of $163,234, marginally more than black female physicians ($152,784).
3. “Medscape Physician Compensation” recently found male physicians earned, on average, $324,000, while female physicians earned $242,000.
4. This study differs from previous studies as those studies analyzed income data from nearly two decades before, Harvard researchers stated.
5. Researchers noted further studies should explore whether bargaining power in salary negotiations, employer discrimination or differences in clinical revenue may attribute to the income discrepancy.
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