Inflation jump took a bite out of 2021 physician compensation

While average physician compensation increased by 3.8 percent in 2021, a Consumer Price Index inflation rate of 6.2 percent meant physicians saw a decline in real income last year, according to medical networking service Doximity's 2021 Physician Compensation Report.

Average physician pay grew 1.5 percent last year over 2020, attributable to a catch-up from last year's flat physician pay rate, a tight labor market or a reflection of last year's rising inflation rates, Doximity theorized. 

Doximity's survey results included responses from over 160,000 U.S. physicians.

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