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Here’s How Much More the Highest-Paid Physicians Make vs. the Lowest-Paid in 2016

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Earlier this month, Medscape released its “Physician Compensation Report 2016,”, and according to Carol Peckham over at the publication’s website, the report is based on information collected from “nearly 19,200 physicians in over 26 specialties,” who “disclosed not only their compensation, but also how many hours they work per week, how many minutes they spend with each patient, the most rewarding part of their job, changes to their practice resulting from healthcare reform, and more.”

In our last post, we looked at which physician specialties feel fairly compensated. This time, we’re going to examine those findings more in depth by looking at the difference in earnings between physicians who feel fairly paid vs. those who feel they’re unfairly paid.

“Hardly a surprise, those who made more were more likely to feel fairly paid,” Peckham writes. “Orthopedists, for example, are the highest-paid group, and those who think they are fairly paid make $156,000 more than those who believe that their compensation is unjust. Ophthalmologists and dermatologists who believe that they are compensated fairly make $118,000 and $114,000 more than their less content counterparts.”

Plastic surgeons who are content with their earnings make on average $102,000 more than those plastic surgeons who aren’t content, while cardiologists make $98,000 more and nephrologists $92,000 more than their less-content colleagues.

Gastroenterologists who are happy with their paychecks make $86,000 more than their colleagues who are not happy with their paychecks, while oncologists make $84,000 more, general surgeons $81,000, radiologists $73,000, rheumatologists $65,0000, and obstetricians/gynecologists $62,000 more.

Pathologists and emergency medicine specialists who see their earnings as adequate make $60,000 more than their lesser-paid peers, while neurologists make $59,000 more, urologists $57,000, endocrinologists and critical-care specialists $56,000 more, and pediatricians $52,000 more.

There’s less of an earnings gap between pulmonologists who feel they are fairly compensated and pulmonologists who do not, namely $48,000. Infectious disease specialists are separated by $45,000, anesthesiologists by $44,000, internists by $43,000, allergists by $42,000, family physicians by $40,000, and psychiatrists by $36,000.

According to Peckham, “When looking at gender, over half of women (51 percent), who make less overall than men, felt unfairly paid compared with 46 percent of men.”

As physicians who are looking for jobs, do you feel fairly compensated for your specialty? How much more would you like to earn in your next position?

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