HealthExec May 24, 2024
Chad Van Alstin

Physicians saw their pay increase in 2023 across all specialties, but with the small drop seen in 2022, it still doesn’t outweigh the inflating cost of living and doing business.

According to a new report by Doximity, average pay for doctors went up by nearly 6% in 2023 following a drop of 2.4% in 2022. However, when adjusted for inflation, Medicare payments to physicians have fallen sharply by 22% since 2001, ultimately reducing their real income.

The report findings are from a study of physician reimbursement and wages in 50 metropolitan areas across the country. Of them, physicians in 30 cities saw their compensation increase by more than 6%, with eight cities seeing wages for doctors jump by over...

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