MedScape’s Physician Compensation Report for 2014

April 17, 2014

MedScape released its annual compensation report that included feedback from over 24,000 physicians in 25 specialties. Below is a summary of some of the report’s findings:

• Orthopedists, then Cardiologists, are top earners
• Possible Early effects of Affordable Care Act —- small decrease in compensation for some specialties and slight increase in compensation for primary care physicians
• Female Physicians are earning more than in 2010, but still behind earnings for Male Physicians
• Highest Earners in North Central and Great Lakes regions
• Self-Employed earn more than Employed —— but may not indicate satisfaction
• About Half of Physicians reasonably compensated
• From 2009 to 2012, the number of physicians opting out of Medicare tripled
• 25% of physicians will drop insurer if compensation is poor
• Cost is discussed with patients on occasional or regular basis by over 72% of physicians
• Primary Care Physicians had 30% more annual patient visits than specialists from 2009 to 2010
• Would you practice Medicine if you had to do it all over again? 58% say yes
• Which Physicians are most satisfied in career? Dermatology
• Which Physicians are least satisfied in career? Plastic Surgery

View the full report on MedScape:http://www.medscape.com/features/slideshow/compensation/2014/public/overview?src=wnl_edit_specol&uac=206421SX#1