Physician Compensation
The mean annual salary of a medical specialist is $175,011 in the US, and $272,000 for surgeons. However, because of commodity inflation, increasing negligent costs, steep price rise of rental, the annual salary range of a medical specialist varies and is not rising as fast as other professional pay. Oftentimes, especially in the United States, physicians practice in groups of specialists within a particular medical specialty. These practice groups are often formed to help reach economies of scales in rental, insurance and staff costs as well as other benefits of practicing with other professionals and are typically governed by various legal documents.
The table below details the average range of salaries for physicians of selected specialties as of July 2010. Also given in the average number of hours worked per week for full-time physicians (numbers are from 2003).
| Specialty | Median salary (USD) | Average hours
work/week |
Average salary/hour (USD) |
|---|---|---|---|
| Anesthesiology | 331,000 to $423,507 | 61 | |
| Dermatology | 313,100 to $480,088 | 45.5 | 103 |
| Emergency medicine | 239,000 to $316,296 | 46 | 87 |
| Cardiac Surgery | 218,684 to $500,000 | 55 | |
| Family practice | 175,000 to $220,196 | 52.5 | 58 |
| Internal medicine | 184,200 to $231,691 | 57 | 58 |
| Neurology | 213,000 to $301,327 | 55.5 | 93 |
| Obstetrics and Gynecology | 251,500 to $326,924 | 61 | 83 |
| Ophthalmology | 150,000 to $351,000 | 47 | |
| Orthopedic surgery | 397,879 to $600,000 | 58 | |
| Otolaryngology | 191,000 to $393,000 | 53.5 | |
| Pathology | 239,000 to $331,842 | 45.5 | |
| Pediatrics | 160,111 to $228,750 | 54 | 69 |
| Psychiatry | 173,800 to $248,198 | 48 | 72 |
| Radiology (diagnostic) | 377,300 to $478,000 | 58 | |
| Surgery (general) | 284,642 to $383,333 | 60 | |
| Urology | 331,192 to $443,518 | 60.5 | |
| Neurological surgery | 350,000 to $705,000 | 132 | |
| Plastic surgery | 265,000 to $500,000 | 114 | |
| Gastroenterology | 251,026 to $396,450 | 93 | |
| Pulmonology | 165,000 to $365,875 | 72 |
Read more about this topic: Specialty (medicine)
Famous quotes containing the words physician and/or compensation:
“The physician must not only be the healer, but often the consoler.”
—Harriot K. Hunt (1805–1875)
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (1817–1862)