Physicians under 40 earn the highest salary working in office-based single-specialty groups, according to the Medscape 2023 "Young Physician Compensation Report" published Sept. 26.
This is the third year in a row that office-based single-specialty physicians have noted receiving the highest compensation, reporting an average of $339,000 in 2022.
Young physician compensation by practice setting:
1. Office-based single-specialty group practice: $339,000
2. Healthcare organization: $335,000
3. Hospital: $332,000
4. Office-based multispecialty group practice: $329,000
5. Office-based solo practice: $318,000
6. Academic/research/military/government: $318,000
7. Outpatient clinic: $279,000
8. Other: $328,000