Medscape surveyed 17,461 physicians across 30-plus specialties.
Here are 18 statistics on physicians under 40 years old:
1. Primary care physicians earned $198,000, while specialty care physicians earned $302,000.
2. Physicians received an annual incentive bonus of $19,000 and an average base salary of $237,000.
3. There were more male physicians (56 percent) than female physicians (42 percent).
4. Younger physicians were more likely to be employed (82 percent) than self-employed (14 percent).
5. Physician compensation by practice space:
- Office-based single-specialty group practice: $289,000
- Office-based multispecialty group practice: $274,000
- Hospital: $279,000
- Healthcare organization: $257,000
- Outpatient clinic: $199,000
- Academic (nonhospital), research, military, government: $259,000
6. Physicians participating in the Merit-based Incentive Payment System and alternative payment models:
- MIPS: 42 percent
- APMs: 12 percent
7. More young physicians would choose medicine again (76 percent) than not (24 percent).
More articles on surgery centers:
Ohio health system acquires surgery center for $21M
2 Texas health systems suspend surgeries, others don’t
Stryker’s ASC-focused business: 3 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.