Physician Compensation in 2012
By and large, physicians are still doing well and income is on the rise overall. About one third (8) of the specialties surveyed each earned a mean of over $300,000 annually. This year's 3 top-earning specialties -- orthopedics, cardiology, and radiology -- were the same as in Medscape's 2012 Compensation Report, although last year radiology and orthopedics tied for the number-one spot.
On the other side of the scale, HIV/ID dropped to bottom position this year, which was last year occupied by pediatrics.
For employed physicians, compensation includes salary, bonus, and profit-sharing contributions. For partners, compensation includes earnings after tax-deductible business expenses but before income tax. Compensation excludes non-patient-related activities (eg, expert witness fees, speaking engagements, and product sales).
Note: Totals in this slideshow may not add up to 100% due to rounding. "Not applicable" (N/A) responses were not included in the charts.