Doximity released its 2019 physician compensation report comparing average salary differences between specialties, where salaries are the highest as well as how salaries have changed between practice settings.
Doximity compiled the report from surveys completed by 90,000 licensed, full-time U.S. physicians who work at least 40 hours a week.
How salary differs between practice settings:
Single specialty group
2018 average compensation: $377,414
2017 average compensation: $373,240
Change: 1 percent increase
Solo practice
2018 average compensation: $366,967
2017 average compensation: $354,624
Change: 3 percent increase
Multispecialty group
2018 average compensation: $360,767
2017 average compensation: $355,972
Change: 1 percent increase
Health system / accountable care organization / integrated delivery network
2018 average compensation: $342,027
2017 average compensation: $341,444
Change: 0.017 percent increase
Industry / Pharmaceutical
2018 average compensation: $337,547
2017 average compensation: $289,469
Change: 17 percent increase
Hospital
2018 average compensation: $330,433
2017 average compensation: $355,094
Change: 7 percent decrease
Health maintenance organization
2018 average compensation: $327,784
2017 average compensation: $330,523
Change: 1 percent decrease
Academic
2018 average compensation: $307,180
2017 average compensation: $338,449
Change: 9 percent decrease
Top 10 metro areas for physician pay:
1. Milwaukee-Waukesha-West Allis, Wis.: $395,363
2. New Orleans-Metairie, La.: $384,651
3. Riverside-San Bernardino-Ontario, Calif.: $371,296
4. Minneapolis / St. Paul, Bloomington, Minn.: $369,889
5. Charlotte-Concord-Gastonia, N.C.: $368,205
6. Dallas-Fort Worth-Arlington, Texas: $362,472
7. Atlanta-Sandy Springs-Roswell, Ga: $362,267
8. Los Angeles-Long Beach-Anaheim, Calif.: $356,390
9. Cincinnati, Ohio, Kentucky, Indiana: $354,129
10. Hartford-West Hartford-East Hartford, Conn.: $352,129