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
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
