- Neurosurgery is the highest paid physician speciality, with an average salary of $788,313 annually.
- Pediatric endocrinology is the lowest paid physician specialty, with an average annual salary of $218,266 annually.
- 30% of physicians are likely to pursue side gigs to offset economic pressures such as inflation and Medicare payment cuts.
- 71% of physicians have taken or would consider taking pay cuts for more autonomy or work-life balance.
- The number of physicians taking short-term locum tenens assignments has increased by 88% since 2015.
- Physicians saw a 2.4% decline in pay in 2022.
- Male physicians earned nearly $110,000 more than their female counterparts in 2022, revealing a 26% gender pay gap.
- 32% of physicians under 40 would not choose medicine again if given the choice.
- 1 in 4 physicians foresee burnout as a top reason to consider in their retirement decisions.
- Economic concerns have delayed retirement plans for 38% of physicians.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
