10 numbers from workforce reports physicians should know

Here are ten numbers to know from reports Becker's has covered since March 20:

  1. Neurosurgery is the highest paid physician speciality, with an average salary of $788,313 annually.
  2. Pediatric endocrinology is the lowest paid physician specialty, with an average annual salary of $218,266 annually.
  3. 30% of physicians are likely to pursue side gigs to offset economic pressures such as inflation and Medicare payment cuts.
  4. 71% of physicians have taken or would consider taking pay cuts for more autonomy or work-life balance.
  5. The number of physicians taking short-term locum tenens assignments has increased by 88% since 2015.
  6. Physicians saw a 2.4% decline in pay in 2022.
  7. Male physicians earned nearly $110,000 more than their female counterparts in 2022, revealing a 26% gender pay gap.
  8. 32% of physicians under 40 would not choose medicine again if given the choice.
  9. 1 in 4 physicians foresee burnout as a top reason to consider in their retirement decisions.
  10. Economic concerns have delayed retirement plans for 38% of physicians.

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