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Here’s the Physician Specialties that Feel Fairly Compensated 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.”

So far, we’ve looked at physician compensation by state, geographic region, gender, and type of employment. This time, we get into which physicians feel they’re being fairly compensated.

According to Peckham, “Slightly over half of all physicians (52 percent) believe that their compensation is fair. As in every year since 2012, dermatologists (66 percent) felt most fairly paid, and they are also the third-highest earners this year. Pathologists (63 percent) and emergency medicine physicians (60 percent) followed in satisfaction, even though their earnings were toward the middle range among physicians. The least satisfied with compensation are urologists (42 percent), followed by allergists and endocrinologists (both 43 percent).”

Other specialties in which over half of the physicians feel fairly compensated are psychiatry and radiology, both at 58 percent; anesthesiology and oncology, both at 55 percent; family medicine, pediatrics, and HIV/ID, all at 52 percent; and critical care at 50 percent.

Below 50 percent, we have gastroenterology, internal medicine, and cardiology, with only 48 percent of physicians feeling they’re fairly compensated. Only 47 percent of plastic surgeons, neurologists, and pulmonologists feel they’re fairly compensated. General surgery and OB/GYN are tied at 46 percent satisfaction, and 44 percent of rheumatologists, orthopedists, nephrologists, and ophthalmologists feel they’re fairly compensated.

Are you a physician within one of the specialties above the 50 percent mark? Do you find your compensation to be satisfactory? Why or why not? What is it about your specialty that enables you and your colleagues to be fairly compensated?

On the other hand, are you a physician below the 50 percent threshold? Do you think you’re fairly compensated, or are you with the majority of your peers in feeling that your specialty unfairly pays you? Why do you think your specialty has so many physicians within it who feel slighted by their compensation?

Finally, for both groups of physicians, how can you improve your earnings in your next job? What are three things you’re looking for in your next position with regards to compensation?

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