News Report | June 8, 2020
In Past Year, Primary Care Physician Salaries Increased 2.5%; Specialist Salaries Increased 1.5%
Prior to the coronavirus disease 2019 (COVID-19) pandemic, the average primary care physician (PCP) compensation rose by 2.5%, from $237,000 in 2019 to $243,000 in 2020. Between October 4, 2019 and February 10, 2020, average specialist salaries rose by 1.5%, from $341,000 in 2019 to $346,000 in 2020. The highest average annual compensation was for orthopedics at $511,000; the lowest was for pediatrics at $232,000. Average annual compensation for psychiatrists was $268,000.
For the time period reviewed, about 58% of PCP practices, and 55% of specialist practices offered an incentive . . .