Doximity compiled the report from surveys completed by 90,000 licensed, full-time U.S. physicians who work at least 40 hours a week.
Additionally, Merritt Hawkins’ 2019 inpatient/outpatient revenue survey highlighted how the percentage of employed and independent physicians has changed over time:
How salary differs among practice settings:
Single specialty group
1. 2018 average compensation: $377,414
2. 2017 average compensation: $373,240
3. Change: 1 percent increase
Solo practice
4. 2018 average compensation: $366,967
5. 2017 average compensation: $354,624
6. Change: 3 percent increase
Multispecialty group
7. 2018 average compensation: $360,767
8. 2017 average compensation: $355,972
9. Change: 1 percent increase
Health system/accountable care organization/integrated delivery network
10. 2018 average compensation: $342,027
11. 2017 average compensation: $341,444
12. Change: .017 percent increase
Hospital
13. 2018 average compensation: $330,433
14. 2017 average compensation: $355,094
15. Change: 7 percent decrease
Health maintenance organization
16. 2018 average compensation: $327,784
17. 2017 average compensation: $330,523
18. Change: 1 percent decrease
Academic
19. 2018 average compensation: $307,180
20. 2017 average compensation: $338,449
21. Change: 9 percent decrease
Physician employment
2018:
22. Independent: 31.4 percent
23. Employed by a hospital or physician owned group: 49. 1 percent
24. Other: 19.5 percent
2016
25. Independent: 32.7 percent
26. Employed by a hospital or physician owned group: 57.9 percent
27. Other: 9.4 percent
2014:
28. Independent: 34.6 percent
29. Employed by a hospital or physician owned group: 52.8 percent
30. Other: 12.5 percent
2012:
31. Independent: 48.5 percent
32. Employed by a hospital or physician owned group: 43.7 percent
33. Other: 7.8 percent
More articles on benchmarking:
Top 10 healthcare companies in terms of revenue
Top 14 highest paying jobs in healthcare — surgeons, anesthesiologists No. 1 at $265K
5 insights into private practice physicians
