10 areas with highest physician pay growth — multispecialty groups are No. 1

Average annual pay grew the most for physicians in multispecialty group practices last year, according to Doximity’s 2020 Physician Compensation Report.

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The networking site for medical professionals surveyed about 44,000 full-time U.S. physicians on compensation growth from 2019 to 2020 and found:

1. Multispecialty groups: 4.1 percent growth to hit $408,901
2. Health maintenance organizations: 3.9 percent growth to hit $370,235
3. Industry or pharmaceutical: 3.8 percent growth to hit $387,601
4. Health system: 2.7 percent growth to hit $381,984
5. Single specialty group: 2.3 percent growth to hit $425,341
6. Urgent care center: 2.1 percent growth to hit $244,464
7. Solo practice: 1.6 percent growth to hit $396,913
8. Academic: 1.2 percent growth to hit $337,298
9. Hospital: 1.1 percent growth to hit $380,003
10. Government: 0.6 percent growth to hit $252,809

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