Office-based single-specialty group practices pay young physicians the most for the third year in a row, according to Medscape's "2023 Young Physician Compensation Report."
The report, which surveyed 10,011 participants across more than 29 specialties between October 2022 and January 2023, defined "young physicians" as those aged 40 and younger.
Here's how compensation for young physicians varies across different practice situations:
|
Practice situation |
Average salary |
|
Office-based single-specialty group practice |
$339,000 |
|
Healthcare organization |
$335,000 |
|
Hospital |
$332,000 |
|
Office-based multispecialty group practice |
$329,000 |
|
Office-based solo practice |
$318,000 |
|
Academic (nonhospital)/research/military/government |
$318,000 |
|
Outpatient clinic |
$279,000 |
|
Other |
$328,000 |