Advisory Board April 15, 2024
Physician salaries rose in 2023 compared to 2022, but dissatisfaction over pay persists among physicians, as compensation gains were undermined by high inflation and Medicare reimbursement cuts, according to Medscape’s 2024 Physician Compensation Report.
Our take: Becoming the physician employer of choice
Methodology
For the report, Medscape surveyed 7,000 physicians across more than 29 specialties between October 2, 2023, and January 16, 2024.
In the survey, physicians reported their total compensation for providing care. For employed physicians, the figure included their salary, bonus, and income from profit-sharing arrangements, while self-employed physicians reported their earnings before factoring in income taxes but after factoring in business taxes and deductibles. Only full-time salaries were included in the report.
Overall physician compensation rises
Overall,...
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