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2020 Physician Compensation Report

This physician salary and compensation report was compiled by Physicians Thrive in 2020.

As a physician, it is important to know the average salary for your specialty. The average salary helps to assess your fair market value.

Beyond salary, it is crucial to understand how potential employers determine compensation. Some facilities base compensation on experience or specific skills while others base their pay on productivity.

Research salary and compensation trend to come up with a fair set of expectations to bring to the table when negotiating with potential employers.

Median Salary by Specialty, Ranked Highest to Lowest:

Neurosurgeon
Cardiovascular Surgeon
Orthopedic Surgery
Cardiology-Invasive
Gastroenterology
Cardiology-Non Invasive
Urologist
Pediatric Anesthesiology
Hematologist/Oncologist
Pulmonologist
Dermatology
Critical Care
Anesthesiology
Otorhinolaryngology
Oncological Surgeon
Transplant Surgeon
Pediatric Cardiology
Neurologist
Pediatric Critical Care
OB/GYN
Hopsitalist-OB/GYN
Emergency Medicine
Hospitalist-Family Medicine
Allergy/Immunology
Ophthamologist
Child and Adolescent Psychiatry
Psychiatry
Hospitalist-Internal Medicine
Rheumatologist
Internal Medicine
Family Medicine
Endocrinologist
Infectious Disease
Nephrologist
Geriatrics
Urgent Care
Pediatrician
Pediatric Endocrinology
AVERAGE SIGNING BONUS BY SPECIALTY:
  • All physicians: $32,692
    (down from $33,707 last year)
  • Neurosurgeons: $47,500
  • Orthopedic Surgeons: $40,000
  • OB/GYNs: $30,115
  • Internal Medicine: $29,308
  • Radiology: $27,045
  • Family Practice: $26,071
  • Anesthesiologist: $25,650
  • Cardiology Non-Invasive: $25,000
  • Hematologist/Oncologist: $25,000
  • Pulmonologist: $25,000
  • Otolaryngologist: $23,425
  • Psychiatry: $22,955
  • Cardiology Invasive: $20,000
  • Emergency Medicine: $20,000
  • Dermatologist: $17,372
HOW PHYSICIANS ARE EARNING BONUSES:
  • 70% of all physicians earned a signing
    bonus (down from 75% in 2017/2018)
  • 70% of physicians earned RVU based
    bonuses (up from 50% in 2017/2018)
  • 56% of physicians earned bonuses
    based on quality of care
  • 18% of physicians earned bonuses
    based on net collections
  • 9% of physicians earned bonuses
    based on patient encounters
  • 3% of physicians earned bonuses
    based on gross billings