5 compensation updates to know

Here are five compensation updates that physicians should know that Becker’s has reported on since Sept. 5:

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  1. Hospitalist-internal medicine is the specialty that saw the biggest jump in median pay from 2022 to 2023.
  2. The average resident’s pay increases by $13,000 after six years of training.
  3. Eighty-six percent of residents who do not feel fairly compensated said it’s because their compensation does not reflect their work hours.
  4. Psychiatry is the fastest-growing physician specialty, and the average annual salary in the field is $247,350.
  5. Base salary, productivity targets and other performance metrics is the most popular compensation structure for employed physicians.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Beyond go-live: Scaling autonomous coding across the enterprise

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