Recent Physician Salary Trends (as of 2024/2025 Reports):
Posted: Tue May 20, 2025 10:53 am
Unique Value: Focuses on verified contract data from thousands of actual physician employment contracts. This provides a "real-time" view of compensation and other contract terms.
Access: Offers packages that include transportation email list access to their rData, sometimes combined with MGMA data and AI contract review.
Key Use: Particularly valuable for physicians actively negotiating new contracts, as it reflects recently signed agreements.
American Medical Group Association (AMGA) Medical Group Compensation and Productivity Survey:
Focus: A leading source for data specific to large multi-specialty medical groups.
Access: Available through AMGA's online data portal, often requiring membership or purchase.
Key Use: Important for understanding compensation within large group practice settings.
Panacea Financial / Med School Insiders (aggregators):
These platforms often compile and present data from the primary sources (like Doximity and Medscape) in an easy-to-digest format, providing current average salaries by specialty.
Overall Growth: Average physician pay saw a modest increase of about 3.6% between 2023 and 2024, bringing the average total compensation to around $376,000 (Medscape 2025 Report, reflecting 2024 data). This is a slower pace compared to pre-pandemic growth.
Specialty Disparities Remain Significant:
Highest Paid: Surgical specialties consistently command the highest compensation. Neurosurgeons ($763,908), Thoracic Surgeons ($720,634), Orthopaedic Surgeons ($654,815), Plastic Surgeons ($619,812), and Oral & Maxillofacial Surgeons ($603,623) are among the top earners (Doximity 2024 data).
Access: Offers packages that include transportation email list access to their rData, sometimes combined with MGMA data and AI contract review.
Key Use: Particularly valuable for physicians actively negotiating new contracts, as it reflects recently signed agreements.
American Medical Group Association (AMGA) Medical Group Compensation and Productivity Survey:
Focus: A leading source for data specific to large multi-specialty medical groups.
Access: Available through AMGA's online data portal, often requiring membership or purchase.
Key Use: Important for understanding compensation within large group practice settings.
Panacea Financial / Med School Insiders (aggregators):
These platforms often compile and present data from the primary sources (like Doximity and Medscape) in an easy-to-digest format, providing current average salaries by specialty.
Overall Growth: Average physician pay saw a modest increase of about 3.6% between 2023 and 2024, bringing the average total compensation to around $376,000 (Medscape 2025 Report, reflecting 2024 data). This is a slower pace compared to pre-pandemic growth.
Specialty Disparities Remain Significant:
Highest Paid: Surgical specialties consistently command the highest compensation. Neurosurgeons ($763,908), Thoracic Surgeons ($720,634), Orthopaedic Surgeons ($654,815), Plastic Surgeons ($619,812), and Oral & Maxillofacial Surgeons ($603,623) are among the top earners (Doximity 2024 data).