Here are nine stats to know about pediatrician pay, according to the Medscape "Pediatrician Compensation Report 2023:"
- Pediatricians averaged $251,000 in compensation annually.
- Pediatrician compensation increased by 3 percent between 2022 and 2023.
- Forty-five percent of pediatricians reported feeling fairly compensated.
- The average incentive bonus for pediatricians was $31,000.
- Male pediatricians earn more annually than their female counterparts, earning $271,000 compared to $240,000 annually.
- Thirty-six percent of pediatricians reported competition from nonphysician practitioners as having the most negative effect on their compensation.
- Fifteen percent of pediatricians take home other medical-related work to supplement their income.
- Sixty-nine percent of pediatricians said they will continue taking new and current Medicare or Medicaid patients.
- Fourteen percent of pediatricians said they would drop insurers that pay the least.