Are You Keeping Up With Your Specialty’s Compensation Growth?
When it comes to provider salaries, compensation can vary significantly depending on what the specialty is. On top of that, demand for certain specialties can cause huge swings in how the market is compensating them. Doximity recently published their 2020 physician compensation report. In this report, they detailed the highest paid specialties, as well as the specialties with the greatest compensation growth. How competitive is your practice compensation compared to the national average?
The 20 specialties with the HIGHEST average annual compensation:
Neurosurgery $746,544
Thoracic Surgery $668,350
Orthopedic Surgery $605,330
Plastic Surgery $539,208
Oral & Maxillofacial $538,590
Vascular Surgery $534,508
Cardiology $527,231
Radiation Oncology $516,016
Gastroenterology $485,817
Radiology $485,460
Urology $472,941
Otolaryngology $472,273
Dermatology $449,494
Anesthesiology $445,533
General Surgery $439,824
Colon & Rectal Surgery $438,811
Oncology $437,280
Ophthalmology $424,488
Pulmonology $374,293
Nuclear Medicine $367,741
The 10 specialties with the largest increase in average annual compensation: