
Medscape Neurologist Compensation Report 2019
The Medscape Physician Compensation Report is the most comprehensive and widely used physician salary survey in the United States. In this year's report, almost 20,000 physicians in more than 30 specialties responded to Medscape's salary survey. Neurologists who responded provided salary information, hours worked, time spent seeing patients, and what they find most rewarding and challenging about their jobs. (Note: Label values on charts are rounded, but rankings and calculations are based on raw data to avoid rounding errors.)
Medscape Neurologist Compensation Report 2019
Survey respondents were asked to provide their compensation for patient care. For employed physicians, that includes salary, bonus, and profit-sharing contributions. For partners, it includes earnings after taxes and deductible business expenses before income taxes. Only full-time salaries are reported.
Neurologists are below the middle earners of all physician specialties. Neurologist income is up from last year's average income of $244,000. As more baby boomers become senior citizens, certain specialties will experience more demand for medical services. "Those over age 65 make up 14% of our population, yet they are driving the vast majority of healthcare services and are accessing healthcare services in greater numbers," says Travis Singleton, senior vice president of Merritt Hawkins, a leading physician search/recruitment firm.
Medscape Neurologist Compensation Report 2019
Male neurologists earn 24% more than women. The gender gap in neurologist salary is consistent with that of physicians overall, where men earn 25% more than women. According to responses to Medscape's physician compensation survey, about 63% of neurologists are men.
Medscape Neurologist Compensation Report 2019
Male neurologists spent 13% more time seeing patients than did their female peers. This may be one of the factors contributing to the gender pay disparity. Physicians have also noted that gender discrimination is a likely factor.
Medscape Neurologist Compensation Report 2019
Paperwork and administration is a growing burden for physicians in all specialties. Of physicians overall, 38% spent 10-19 hours per week on paperwork and administrative tasks, and 36% spent 20 hours or more. Neurologists appear to have more of those burdens than other physicians; 85% were saddled with 10 or more hours per week of paperwork and administrative chores.
Medscape Neurologist Compensation Report 2019
Very little difference exists in the amount of time that men and women spent on paperwork and administrative chores.
Medscape Neurologist Compensation Report 2019
About three fourths of neurologists' benefit packages have stayed the same. More neurologists' benefits have gotten worse than have improved.
Medscape Neurologist Compensation Report 2019
Solo and group practices in neurology lose about the same percentage of revenue to overhead, but in general, larger medical practices benefit from economies of scale, which lead to a lower overhead percentage.
Medscape Neurologist Compensation Report 2019
Neurology practices use PAs and NPs less than do physicians overall, where 36% of practices use PAs and 50% of practices use NPs. The numbers of practicing PAs and NPs are projected to grow by 4.3% and 6.8%, respectively, from 2016 to 2030, while the number of physicians is projected to grow 1.1% in that timeframe.[1] (Note: Physicians were able to choose more than one response.)
Medscape Neurologist Compensation Report 2019
Our survey shows that 92% of neurologists were either very satisfied or satisfied with their own job performance. "Doctors take great pride in what they do, even under difficult circumstances, and I would imagine that we all feel we do the best we can in spite of the challenges," says Carol Bernstein, MD, psychiatrist at NYU Langone Medical Center.
Medscape Neurologist Compensation Report 2019
The percentage of neurologists in fee-for-service arrangements (40%) is greater than that of last year (32%). The percentage in ACOs (21%) is unchanged from last year.
Medscape Neurologist Compensation Report 2019
Although Medicare reimbursement is lower than that of many private insurers, the majority of neurologists are not planning to cut back on these patients. In 2016, over 56 million people were enrolled in the Medicare program—most because of their age, while the others were Medicare beneficiaries due to various disabilities.[2]
Medscape Neurologist Compensation Report 2019
Among all specialists, 37% expect to participate in MIPS (Merit-based Incentive Payment System) and 9% plan to participate in APMs (alternative payment models). Somewhat more primary care physicians expect to participate in MIPS (42%) and APMs (12%).
Medscape Neurologist Compensation Report 2019
Neurologists' attitudes toward their compensation have improved since our 2014 report. At that time, 39% of neurologists said that they were satisfied with their compensation.
Medscape Neurologist Compensation Report 2019
For neurologists (31%), as for physicians overall (26%), having so many rules and regulations is the most challenging part of their job. Neurologists (15%) found getting fair reimbursement slightly more difficult than did physicians overall (13%). Like physicians overall, 15% of neurologists named working with the EHR as their top challenge.
Medscape Neurologist Compensation Report 2019
Physicians overall (29%) found gratitude from and relationships with patients to be the most rewarding part of their jobs. A lesser percentage of neurologists (19%) cited that as the most rewarding factor.
Medscape Neurologist Compensation Report 2019
The large majority of neurologists—and 77% of all physicians—would choose to go into medicine again as a career, if they had to make the choice.
Medscape Neurologist Compensation Report 2019
Of the physicians who said they would choose medicine again, 79% said they would choose the same specialty. A similar percentage of neurologists noted that they would remain in their chosen specialty.
Medscape Neurologist Compensation Report 2019
According to American Medical Association data,[3] the single-specialty group is the most common practice type, with 42.8% of physicians working in these settings in 2016. The multispecialty group is the second most popular form of practice setting, comprising 24.6% of physicians. Among neurologists, hospitals are another common worksite.
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