Average compensation is increasing for physicians, according to a report from physician recruitment resource LocumTenens.com.
The survey was conducted in August of 2019, representing the annual salaries of physicians who practice full time in a permanent position. Salary data includes bonuses.
Four things to know:
1. The average salary for physicians in 2018 was $363,924, up from 2017's number of $324,090.
2. Forty percent of physicians who responded to the survey said they were employed by a hospital.
3. Twenty percent of physicians said they were employed by a group practice.
4. According to the survey, the average physician salary has risen 16.5 percent since 2015.