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Taking Care of Doctors: How Much Doctors Are Paid

  Physicians or doctors have one of the most admired professions in the world. Their job is noble and they actually can make a difference in a person’s life. They help cure people for a living an

 

Physicians or doctors have one of the most admired professions in the world. Their job is noble and they actually can make a difference in a person’s life. They help cure people for a living and thus help all of us attain better lives. Plus, the level of compensation they receive is usually one of the highest when compared to other jobs. 

But how much do doctors really get? Let us break things down by looking at the work they do compared against the salaries they receive.

 

14 A Doctor’s Life

 

Doctors are usually viewed as just coming and going out of a patient’s room, but if you really analyze what they do, their tasks are great because they usually handle more than just one patient.

13 Number of Hours Spent with Patients Every Week

1. 30 to 40 hours – 31 percent

2. Less than 30 hours – 22 percent

3. 41 to 45 hours – 14 percent

4. 46 to 50 hours – 12 percent

5. 56 to 60 hours – 7 percent

6. More than 65 hours – 6 percent

7. 56 to 60 hours – 6 percent

8. 61 to 65 hours – 2 percent

 

12 Number of Patient Visits Every Week

1. 25 to 49 – 22 percent

2. 50 to 75 – 17 percent

3. Less than 25 – 14 percent

4. 100 to 124 – 14 percent

5. 76 to 99 – 12 percent

6. 125 to 149 – 6 percent

7. 150 to 174 – 3 percent

8. More than 200 – 2 percent

9. 175 to 200 – 1 percent

 

11 Number of Minutes Spent with Patient Every Visit

1. 13 to 16 minutes – 26 percent

2. 17 to 20 minutes – 21 percent

3. More than 25 minutes – 20 percent

4. 9 to 12 minutes -18 percent

5. 21 to 24 minutes – 9 percent

6. Less than 9 minutes – 6 percent

 

In addition, doctors are also expected to perform their share of paperwork.

 

10 Number of Hours Spent on Administrative Work Every Week

1. 1 to 4 hours – 53 percent

2. 5 to 9 hours – 13 percent

3. More than 25 hours – 13 percent

4. 10 to 14 hours – 11 percent

5. 15 to 19 hours – 5 percent

6. 20 to 24 hours – 5 percent

 

9 Salary Per Specialization

So how much do they really earn? Below is a list of salaries per specialization.

 

1. Radiology - $315,000

2. Orthopedics - $315,000

3. Cardiology - $314,000

4. Anesthesiology - $309,000

5. Urology - $309,000

6. Gastroenterology - $303,000

7. Oncology - $295,000

8. Dermatology - $283,000

9. Plastic Surgery - $270,000

10. Ophthalmology - $270,000

11. General Surgery - $265,000

12. Pulmonary Medicine - $242,000

13. Critical Care - $240,000

14. Emergency Medicine - $237,000

15. Pathology - $221,000

16. Obstetrics and Gynecology - $220,000

17. Nephrology - $209,000

18. Neurology - $184,000

19. Rheumatology - $180,000

20. HIV/ID - $170,000

21. Psychiatry - $170,000

22. Diabetes and Endocrinology - $168,000

23. Internal Medicine - $165,000

24. Family Medicine - $158,000

25. Pediatrics - $156,000

 

8 Rate of Change from Previous Year

Doctor’s fees may go both ways. While some specializations enjoyed an increase in earnings from the previous year, others suffered a decline.

 

1. Ophthalmology – 9 percent

2. Pediatrics – 5 percent

3. Nephrology – 4 percent

4. Rheumatology – 4 percent

5. Oncology – 4 percent

6. Family Medicine – 2 percent

7. Internal Medicine – 2 percent

8. Diabetes and Endocrinology – 1 percent

9. Urology – 1 percent

10. Gastroenterology – 1 percent

11. Pulmonary Medicine – 1 percent

12. Plastic Surgery – -1 percent

13. Dermatology – -2 percent

14. HIV/ID – -2 percent

15. Obstetrics and Gynecology – -3 percent

16. Psychiatry – -3 percent

17. Cardiology – -3 percent

18. Anesthesiology – -5 percent

19. Neurology – -5 percent

20. Emergency Medicine – -8 percent

21. Radiology – -10 percent

22. Orthopedics – -10 percent

23. General Surgery – -12 percent

 

7 The Gender and Region Gap

Male doctors usually earn more than their female counterparts.

 

All Specialties

 

Male - $242,000

Female - $173,000

 

Primary Care

 

Male - $174,000

Female - $141,000

 

Salaries also vary by region.

 

1. North Central - $234,000

2. Great Lakes - $228,000

3. South Central - $228,000

4. Southeast - $226,000

5. West - $225,000

6. Northwest - $216,000

7. Southwest - $214,000

8. Mid-Atlantic - $214,000

9. Northeast - $204,000

 

6 Where a doctor practices also affects his earning.

1. Office-based single specialty group practice - $253,000

2. Healthcare organization - $241,000

3. Office-based multispecialty group practice - $239,000

4. Hospital - $225,000

5. Office-based solo practice - $216,000

6. Academic, including research, military and government - $162,000

7. Outpatient clinic - $156,000

 

5 Those in private practice tend to earn more than those in other situations.

1. Private Practice - $308,000

2. Owner and solo practice - $222,000

3. Employee - $194,000

4. Independent Contractor - $175,000

 

4 Those with board certifications also tend to earn more than doctors without.

Doctors with board certification - $236,000

Doctors without board certification - $125,000

 

3 Level of Satisfaction

Given all these, are doctors satisfied with what they earn?

 

All Doctors

 

Yes – 51 percent

No – 49 percent

 

Primary Care

 

Yes – 46 percent

No – 54 percent

 

2 Despite the perception that they are rich, not all doctors feel that way. When asked if they feel rich, not in one specialization did the rate exceed 15 percent.

 

1. Pathology – 15 percent

2. Radiology – 14 percent

3. Oncology – 14 percent

4. Gastroenterology – 14 percent

5. Dermatology – 13 percent

6. Cardiology – 13 percent

7. Pulmonary Medicine – 13 percent

8. Emergency Medicine – 12 percent

9. Critical Care – 12 percent

10. Urology – 11 percent

11. Orthopedics – 11 percent

12. Anesthesiology – 11 percent

13. General Surgery – 11 percent

14. Ophthalmology – 10 percent

15. Nephrology – 10 percent

16. HIV/ID – 10 percent

17. Diabetes and Endocrinology – 10 percent

18. Neurology – 10 percent

19. Family Medicine – 10 percent

20. Psychiatry – 9 percent

21.Obstetrics and Gynecology – 9 percent

22. Pediatrics – 9 percent

23. Internal Medicine – 8 percent

24. Rheumatology – 6 percent

25. Plastic Surgery – 6 percent

 

1 Still, a slight majority of doctors are highly satisfied with their jobs and the salaries that they earn.

1. Dermatology – 64 percent

2. Psychiatry – 56 percent

3. Emergency Medicine – 54 percent

4. HIV/ID – 53 percent

5. Pathology – 53 percent

6. Gastroenterology – 53 percent

7. Ophthalmology – 53 percent

8. Pediatrics – 52 percent

9. Radiology – 52 percent

10. Critical Care – 51 percent

11. Orthopedics – 51 percent

12. Anesthesiology – 50 percent

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Taking Care of Doctors: How Much Doctors Are Paid