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SAN FRANCISCO, March 26, 2019 / PRNewswire / – Doximity, the largest professional medical network, today released its third annual report on physician compensation. The report shows that after years of steady wage increases, the salaries of national doctors have reached a plateau for the first time since 2016.
The study also shows that the pay gap between men and women is decreasing compared to previous years. The remuneration of male doctors has remained stable since 2017, while the remuneration of female doctors has increased. Significant variations in compensation have also been observed between metropolitan areas and within medical specialties. The report is based on the responses of nearly 90,000 licensed US physicians over six years, making it the largest repository of data available on physician compensation.
"Pay transparency is a powerful force and as more data become available, revealing the pay gap between men and women, we are seeing more and more moves to rectify this problem." , said Christopher Whaley, PhD, lead author of the study and adjunct badistant professor at the University of California, Berkeley School of Public Health.
The main conclusions include:
Compensation of physicians by metropolitan area
- The five cities with the highest average earnings are: Milwaukee ($ 395,363); New Orleans ($ 384,651); Riverside, California ($ 371,296); Minneapolis ($ 369,889); and Charlotte, N.C. ($ 368,205).
- The last five metros where doctors receive the lowest average salary are: Durham, N.C. ($ 266,180); Providence, R.I. ($ 267,013); San Antonio ($ 276,224); Virginia Beach, Virginia ($ 294,491); and New Haven, Conn. ($ 295,554).
- Seattle highest growth rate (15%), followed by Hartford, Conn. (13%); Riverside, California (12%); Cincinnati (12%); and Baltimore (10 percent).
- San Antonio lowest wage growth rate (-10%), followed by Tampa, Fla. (-10 percent); Virginia Beach, Virginia (-7%); Chicago (-7%); and Louisville, Ky. (-6 percent).
Compensation of doctors by medical specialty
- The top five highest paying medical specialties are: Neurosurgery ($ 616,823); Thoracic surgery ($ 584,287); Orthopedic surgery ($ 526,385); Radiological oncology ($ 486,089); Vascular surgery ($ 484,740).
- The lowest paid medical specialties are: pediatric infectious diseases ($ 185,892); Pediatric Endocrinology ($ 201,033); pediatrics ($ 222,942); Pediatric hematology and oncology ($ 222,953); and family medicine ($ 242,352).
Physician's remuneration by bad
- Cities with the lowest pay gap between men and women in 2018: Birmingham, Ala (Wage gap of 9%); Bridgeport, Connecticut (10 percent); Milwaukee (14%); Seattle (15%); Jacksonville FL (16 percent).
- Cities with the largest pay gap between men and women in 2018: Louisville/Jefferson County (40%); New Orleans (32%); Austin Texas (31%); Hartford, Conn. (31%); Dallas, Texas (31 percent).
- The cities where women doctors earn the highest average annual salary are: Milwaukee ($ 351,247); Bridgeport, Connecticut ($ 319,577); Seattle ($ 306,310); Minneapolis ($ 303,416); and Riverside, California ($ 302,937).
- Female doctors earn the lowest average annual salary in these subways: Providence, R.I. ($ 220,482); Durham, N.C. ($ 226,594); Louisville, Ky. ($ 230,754); Virginia Beach, Virginia ($ 232,172); and Austin, Texas ($ 232,333).
Compensation for doctors by type of employment
- Of the 10 types of jobs examined in this study, half had little or no change in compensation, including: one specialty group; solo practice; multi-specialty group; health system / IDN / ACO; and health maintenance organization.
- Only one type of employment recorded a double-digit wage increase: industry / pharmaceutical industry (17%).
- The following types of employment saw their remuneration decrease: hospital (-7%); academic (-9 percent);
"We hope this study can be used as a comprehensive resource to better inform US physicians, medical students, and health care organizations," he said. Mandy Armitage, M.D., director of medical content at Doximity. "Although the salaries of female doctors have improved considerably, there is still important progress to be made."
Methodology
The Doximity study is derived from self-reported earnings surveys conducted by approximately 90,000 full-time, licensed American physicians who work at least 40 hours per week. The responses were mapped across the metropolitan statistical areas and the top 50 were ranked according to the number of respondents in the data.
To control differences in specialty, geography, and other vendor-specific factors that may influence spending, we estimated a multivariate regression with fixed effects for the vendor specialty and MSA. We also monitored how long each provider had been practicing medicine and their average self-reported hours per week. This regression was estimated with the help of a generalized linear model with a log link and a gamma distribution. For geographic and specialty rankings, we used the predicted values of this regression.
About Doximity
Founded in 2011, Doximity connects physicians and clinicians to make them more efficient and productive. It is the largest professional medical network of more than 70% of US physicians. The network allows health professionals to communicate with colleagues and patients and share their views on the latest trends and research in health care. Doximity is based in San Francisco and was created by the founders of Epocrates and Rock Health. To learn more, visit www.doximity.com
SOURCE Doximity
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