Legal + Compensation

Maryland physicians earned the lowest salary on average in 2022, according to Medscape's 2023 "Physician Compensation Report."

Wisconsin physicians earned the highest salary on average in 2022, according to Medscape's 2023 "Physician Compensation Report."

Here are four takeaways from new research on inflation and compensation published by the Medical Group Management Association, which pulled data from nearly 190,000 providers across more than 6,800 organizations:

Although the mean annual wage among all anesthesiologists is $302,970, that can vary based on factors including experience and practice setting, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.

Philadelphia-based physician practice Complete Physician Services and two physicians agreed to pay $1.5 million plus interest to resolve allegations they misrepresented the severity of illness to increase Medicare reimbursements, the Justice Department said in a May 24 news release. 

Here are five stats to know on physician compensation:

CVS has made two major physician acquisitions since January, investing in physician and primary care groups to accelerate its growth. 

California and New York employ the highest number of physicians in several specialties. 

Among five medical specialties with the largest pay gaps between men and women, men earned an average of $447,484 whereas women earned $377,732, according to Physicians Thrive's "2023 Physician Compensation Report."

Women working as physicians typically earn less than 80 percent of what their male counterparts made each year, according to Physicians Thrive's "2023 Physician Compensation Report."