Monday, April 11, 2016
Northeastern physicians lowest paid in US
According to Medscape’s
2016 Physician Compensation Survey, at $266,000 physicians from
Northeastern states have the lowest incomes in the US. Medscape reports that
uneven distribution between physicians and patients drives compensation levels.
Just over half (52%) of US physicians believe that their compensation is fair.
Specialists tend to make more than primary care doctors; highest paid are
orthopedists while pediatricians make the least. Dermatologists are most
satisfied with their career, while nephrologists tend to be least satisfied
specialty. In very good news, 77% of self-employed and 84% of employed
physicians report that they are taking new and keeping current Medicare and
Medicaid patients, up from 64% and 79% respectively last year. Most physicians
spend between 13 and 20 minutes with each patient, which has been relatively
stable since 2011. Over half of US physicians spend at least ten hours each
week on paperwork and administration. Only 30% regularly discuss treatment
costs with patients. The survey included 19,200 physicians across 26
specialties.