How pay varies by practice situation for young physicians

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.”

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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

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