- Neurosurgery is the highest paid physician speciality, with an average salary of $788,313 annually.
- Pediatric endocrinology is the lowest paid physician specialty, with an average annual salary of $218,266 annually.
- 30% of physicians are likely to pursue side gigs to offset economic pressures such as inflation and Medicare payment cuts.
- 71% of physicians have taken or would consider taking pay cuts for more autonomy or work-life balance.
- The number of physicians taking short-term locum tenens assignments has increased by 88% since 2015.
- Physicians saw a 2.4% decline in pay in 2022.
- Male physicians earned nearly $110,000 more than their female counterparts in 2022, revealing a 26% gender pay gap.
- 32% of physicians under 40 would not choose medicine again if given the choice.
- 1 in 4 physicians foresee burnout as a top reason to consider in their retirement decisions.
- Economic concerns have delayed retirement plans for 38% of physicians.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.