5 Key Takeaways from the New Doximity 2020 Physician Compensation Report

Posted by Doximity TF Team

110544104_sDoximity just released its annual physician compensation report. The findings reveal the impact COVID-19 has had on the healthcare industry and trends around salaries by location, specialty, gender, and practice type.  

The study draws on data from 130,000 licensed physicians, making it one of the largest repositories of data available on physician compensation to date. Here are some key findings:

  1. Physician compensation grew nominally in 2020 compared to previous years. The top five specialties with the largest increase in annual compensation are:

    • Vascular Surgery
    • Physical Medicine/Rehab
    • Geriatrics
    • Genetics
    • Emergency Medicine
  2. The top five U.S. metro areas with the highest average compensation are:

    • Milwaukee, WI
    • Atlanta, GA
    • Jacksonville, FL
    • Buffalo, NY
    • Orlando, FL 

  3. The gender pay gap is widening. Doximity found that the gender pay gap widened from 25.2% to 28%, with female doctors earning an average of $116,289 less than male doctors.

  4. Gender pay gaps varied by medical specialty, with the widest pay gaps between men and women in:

    • Otolaryngology
    • Geriatrics
    • Orthopaedic Surgery
    • Research
    • Obstetrics & Gynecology

  5. The U.S. cities where females are paid the most are:

    • Milwaukee, WI
    • Minneapolis, MN
    • Jacksonville, FL
    • Birmingham, AL
    • Cincinnati, OH 

Knowing insights about physician compensation can arm you with essential knowledge and impact your recruiting strategy. For a limited time, physician recruiters can access the full report free of charge by clicking the button below. 

View Full Report

Topics: physician recruiting tips

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