How employed, self-employed compensation changed over 5 years

Employed physicians continue to see their compensation increase yearly, while self-employed compensation has flattened out, according to Medscape's Physician Compensation Report from 2016-20. 

Note: Medscape surveyed 19,183 respondents in 2016, 19,270 respondents in 2017, 20,329 respondents in 2018, 19,328 respondents in 2019 and 17,461 respondents in 2020 to collect compensation data. 

Self-employed:
2016:
Primary care: $229,000
Specialists: $348,000

2017:
Primary care: $214,000
Specialists: $287,000

2018: Around $350,000

2019: $359,000

2020: $357,000

Employed:
2016:
Primary care: $207,000
Specialists: $274,000

2017:
Primary care: $223,000
Specialists: $368,000

2018: Under $300,000

2019: $289,000

2020: $297,000

Note: Medscape didn't provide specific figures for 2018, and stopped distinguishing between primary care and speciality physicians in 2018.

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