Articles related to COMPENSATION

Hospitalist pay is up almost 8% since 2020. But is that enough? You can work to increase your compensation by understanding the nuances in your hospital’s incentive calculation and making sure the plan works for you.

One of the main explanations for an improvement in the financial standing of medical practices is the expansion of supplementary services. Ancillary services give doctors alternatives to increase revenues and create more money. However, they also help patients by making life more convenient, saving time, and enhancing treatment and results. Here is a list of the extra services offered by internal medicine and family medicine clinics in the previous calendar year.

These specialties had the highest proportion of doctors still making student loan payments, per the 2022 Medscape report: Emergency Medicine (31%) Physical Medicine & Rehabilitation (31%) Pediatrics (31%) Neurology (28%) Otolaryngology (28%) Family Medicine (28%) For the least debt-burdened: Pulmonary Medicine (10%) Public Health & Preventive Medicine (11%) Rheumatology (12%) Diabetes & Endocrinology (15%) Dermatology (16%) Cardiology (16%)

A coming 8.5% cut in Medicare payments for surgery may be the proverbial straw in an already stressed system of surgical training, leading some to abandon their commitment to medicine.

Psychiatrist compensation ranks them in the top 25% of professions. But wages vary dramatically by practice setting, with outpatient care positions earning 1/3 more than hospital-employed psychiatrists.

Using the most recent yearly figures from the Medscape 2022 Compensation Report and the typical hours spent as provided by the American Association of Medical Colleges, it is not surprising to see primary care specializations at the bottom of the list and specialists at the top. Anesthesiologists work lengthy shifts and earn a middle-of-the-road hourly rate. Dermatologists enjoy a healthy work-life balance and high earnings — it should come as no surprise that it’s one of the hardest fields to break into — but no one is surprised that PCPs are working hard for less money.