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