Medical Economics collected data from its physician audience on salaries, productivity, malpractice rates and the state of the profession. Data covers 2023 and was collected from physicians who responded to email invitations during the first and second quarter of 2024.
Here is the breakdown of physician pay by practice type in the last three years:
2023:
Private practice: $288,000
Hospital-owned practice: $330,000
Inpatient hospital: $325,000
Nonprofit: $240,000
Concierge practice/ direct-pay model: $349,000
2022:
Private practice: $284,000
Hospital-owned practice: $292,000
Inpatient hospital: $291,000
Nonprofit: $236,000
Concierge practice/ direct-pay model: $314,000
2021:
Private practice: $264,000
Hospital-owned practice: $289,000
Inpatient hospital: $262,000
Nonprofit: $233,000
