Articles related to SALARY/COMPENSATION

There is excellent news in the upcoming Medscape Female Physician Compensation Report for 2022. Female primary care and specialist physicians had pay increases of 8.1% and 8.5% from the prior year, respectively. This has resulted in a 2% reduction in the pay difference between men and women in both situations. Despite the fact that this is progress, there is still a huge 25% disparity in primary care and 31% in specialties, with female doctors underrepresented in the higher paying specialties.

The author explains that a nursing strike can have a significant impact on oncology practices, which rely heavily on nursing staff for patient care. The article suggests that practices should have a contingency plan in place in the event of a strike, including identifying alternative sources of nursing staff, communicating with patients about the potential impact on their care, and ensuring that all staff members are trained on how to handle the situation. The article also emphasizes the importance of maintaining a respectful and open dialogue with nursing staff throughout the negotiation process to minimize the likelihood of a strike.

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%)

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.