Advisory Board October 8, 2024
Amid a tight labor market, healthcare organizations are offering higher salaries, as well as more creative benefits, to attract physicians, according to Modern Healthcare’s latest physician compensation survey.
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Physician compensation in 2024
For the survey, Modern Healthcare analyzed data from 10 staffing and consulting firms.
Overall, the median physician compensation in 2024 was $467,198, an almost 8% increase from the median compensation of $433,066 in 2023.
Physicians in orthopedic, invasive cardiology, plastic surgery, and urology specialties had the highest compensation on average, which ranged from $489,000 to $789,298 annually. In comparison, those in pediatric or family medicine specialties had the lowest average compensation, making between $244,000 and $326,661 annually.
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