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:
“A doctor, like anyone else who has to deal with human beings, each of them unique, cannot be a scientist; he is either, like the surgeon, a craftsman, or, like the physician and the psychologist, an artist.... This means that in order to be a good doctor a man must also have a good character, that is to say, whatever weaknesses and foibles he may have, he must love his fellow human beings in the concrete and desire their good before his own.”
—W.H. (Wystan Hugh)
“I have everything in the world that is necessary to happiness, good faith, good friends and all the work I can possibly do. I think God’s greatest blessing to the human race was when He sent man forth into the world to earn his bread by the sweat of his face. I believe in toil, in the dignity of labor, but I also believe in adequate compensation for that toil.”
—Anna Howard Shaw (1847–1919)