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: