A jump in physician productivity is primarily driving compensation increases this year, according to SullivanCotter's 2023-24 Physician Compensation and Productivity Report.
The report features data on more than 306,000 employed physicians, PhD providers and physician researchers across 915 hospitals, health systems and medical groups nationwide. Only specialties with at least 500 physician respondents are included.
Here are five specialties that saw the largest increases in median total cash compensation for 2024 compared to the year prior. To see the complete list of the top 15 specialties, click here.
|
Specialty |
Median compensation in 2024 |
Percent change (2023-24) |
Work relative value units median percent change |
|
Hematology and oncology |
$456,632 |
9.7% |
5.4% |
|
Endocrinology and metabolism |
$285,660 |
8% |
6.1% |
|
Radiation oncology |
$550,000 |
7.5% |
5.3% |
|
Pathology – anatomic and clinical |
$424,744 |
6.7% |
7.3% |
|
Geriatrics |
$273,025 |
6.1% |
0.10% |