SEIZE THE $50 BILLION SITE-OF-CARE SHIFT OPPORTUNITY
Get the tools, data, and insights to drive growth.
Learn more
RECALIBRATE YOUR HEALTHCARE STRATEGY
Learn 4 strategic pivots for 2025 and beyond.
Learn more

Library

| Daily Briefing

Map: The highest-paid doctors (and the lowest)


Physicians in Charlotte, North Carolina, earned the highest average salary in 2017—while physicians a short drive away in Durham, North Carolina, earned the least, according to a new report from Doximity, a social network for physicians.

The report, which was based on responses from more than 65,000 licensed doctors in the United States, details how compensation changed from 2016 to 2017 across 50 metropolitan areas, 40 medical specialties, and gender.

Highest- and lowest-paying metropolitan areas

Below is a map of the 50 metro areas where physicians earned the highest and lowest average annual salaries:

 

 

Highest- and lowest-paying medical specialties

Doximity also gathered data on the average compensation for more than 40 medical specialties. The five specialties with the highest average compensation were:

 

 

  • Neurosurgery, at $662,755;
  • Thoracic surgery, at $602,745;
  • Orthopedic surgery, at $537,568;
  • Vascular surgery, at $476,300; and
  • Plastic surgery, at $473,212.

The five specialties with the lowest average compensation were:

  • Pediatric infectious disease, at $191,735;
  • Pediatric hematology & oncology, at $208,524;
  • Pediatric endocrinology, at $214,911;
  • Pediatrics, at $221,900; and
  • Preventive medicine, at $231,838.

Gender wage gap

The report also found a significant gender wage gap in 2017, with female doctors making about 28% less than their male peers—an increase from an about 27% gap in 2016. According to the report, male doctors made an average of $380,866 in 2017, while female doctors made an average of $275,311. Men outearned women in every medical specialty.

According to the report, men own 85% of private practices, and privately owned practices often pay better than working at a hospital or university. Even so, female owners of private practices earned significantly less than male private practice owners: $306,039 versus $420,629, on average.

Amit Phull, the medical director for Doximity and co-author of the study, said that the gender wage gap is "still a persistent issue, and it's pervasive" (Bloomberg/Crain's Cleveland Business, 3/14; Lagasse, Healthcare Finance News, 3/14; Commins, HealthLeaders Media, 3/14; Levingston, Bloomberg, 3/14; Sealover, Denver Business Journal, 3/14).

April 18 webconference: Physician compensation 101

 

Hear our experts' take on how to design effective physician compensation models in an age of value-based pay, consumerism, and provider burnout.

Register Now


SPONSORED BY

INTENDED AUDIENCE

AFTER YOU READ THIS

AUTHORS

TOPICS

INDUSTRY SECTORS

Don't miss out on the latest Advisory Board insights

Create your free account to access 1 resource, including the latest research and webinars.

Want access without creating an account?

   

You have 1 free members-only resource remaining this month.

1 free members-only resources remaining

1 free members-only resources remaining

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox
AB
Thank you! Your updates have been made successfully.
Oh no! There was a problem with your request.
Error in form submission. Please try again.