Physicians' average 2024 incentive bonuses

Physicians in the U.S. earn an average of $363,000 annually, before taking into consideration incentive bonuses for the year, according to Medscape's 2024 "Physician Compensation Report," published April 12. 

While primary care providers earn an average of $277,000, specialists earn $394,000. 

On top of that, 58% of physicians have a chance at a yearly incentive bonus, according to the report. Dermatologists, orthopedists and cardiologists earn the highest annual incentive bonuses on average, reaching up to $142,000 for the top earners. 

The average incentive bonus for all physicians is much lower: $45,000 a year. For primary care providers, the average bonus is $27,000, while it reaches $51,000 for specialists. 

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy.
 

Articles We Think You'll Like