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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Amid the COVID-19 pandemic, physicians have been struggling through intense challenges caring for patients while trying to protect their own and their families' health and well-being.

Doctors' most critical concerns are those involving life and death. Still, while confronting this crisis, salary and income are important to one's career and livelihood.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

The health impact of COVID-19 has been grave, and the financial fallout is widespread.

Many physician offices have closed or have greatly reduced their hours. Hospitals, clinics, and large groups throughout the nation are laying off staff and cutting salaries. Specialties that relied upon elective procedures have lost much or most of their business. Those include, but are not limited to, orthopedics, plastic surgery, dermatology, cardiology, and ophthalmology.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

The data for this year's Compensation Report were collected prior to February 10, 2020, and reflect physician salary and income prior to the COVID-19 crisis. Physicians told us about their incentive bonuses, income, hours worked, greatest challenges, what gives them satisfaction, and more.

Survey respondents reported their compensation for patient care. For employed physicians, that includes salary, bonus, and profit-sharing contributions. For self-employed physicians, it includes earnings after taxes and deductible business expenses, before income tax. Only full-time salaries are included in our results. This report includes responses from more than 17,000 physicians in over 30 specialties.

Endocrinologists are among the lowest earners of all physicians. Their income is unchanged from last year's average of $236,000 for their specialty.

(Note: Label values on charts have been rounded, but rankings and calculations are based on raw data to avoid rounding errors.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Male endocrinologists earn about 23% more than their female peers. Among all specialists, men earn 31% more than women, similar to last year's figure of 33%. There is a 25% gender pay gap among primary care physicians, the same as in last year's report.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Among all physicians, the average time spent seeing patients is 37.9 hours per week. This is more than the amount of time endocrinologists—both men and women—spend on face-to-face interactions.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

On average, endocrinologists spend 16.5 hours per week on paperwork and administration, similar to physicians overall (15.6 hours). Intensivists top the list regarding such tasks, followed by internists, infectious disease physicians, and physiatrists. Ophthalmologists and anesthesiologists reported the least amount of time. (Results are shown only for specialties where sample sizes are sufficient.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

At 13%, endocrinologists rank at the lower end of physicians potentially losing money on denied or resubmitted claims. One study found that, on average, 63% of denied claims are recoverable, but healthcare professionals spend about $118 per claim on appeals. (Results are shown only for specialties where sample sizes are sufficient.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

One quarter of endocrinologists said they use physician assistants to treat patients, while about half said they use nurse practitioners. Forty-two percent said they don't employ either role for patient care. (Respondents could select more than one answer.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Of endocrinologists who work with PAs and NPs at their offices, half said they helped increase profitability, while 44% said these employees have had no effect on profitability. Physicians overall who use PAs and NPs were evenly split (47% each) on whether these employees have increased profitability or have had no effect on it.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Seventy-one percent of endocrinologists have no plans to stop services to Medicare and Medicaid patients, similar to the percentage of physicians overall (73%). (Respondents could select more than one answer.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

The large majority of endocrinologists rely on payers. Thirty-seven percent rely on fee-for-service and 30% on accountable care organizations for patient-based income. (Respondents could select more than one answer.)

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

A larger percentage of endocrinologists expect to participate in the Merit-based Incentive Payment System option of value-based care versus alternative payment models.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

About a quarter (27%) of physicians overall noted gratitude from and relationships with patients as the main factor for their career satisfaction. About a third (35%) of endocrinologists said the same. Lesser percentages cited being very good at what they do (28%) and making the world a better place (21%) as their top rewards.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

For endocrinologists, having so many rules and regulations is the primary challenge when caring for patients. Working with the EHR system, dealing with difficult patients, and trouble getting fair reimbursement are also seen as contributors to a demanding profession.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Nearly half of endocrinologists said they felt fairly compensated, up somewhat from last year's percentage (42%).

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

If they could go back in time, 82% of endocrinologists would still choose a career in medicine. This is a somewhat higher percentage than for physicians overall (77%).

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

Of endocrinologists who said they would choose medicine again, 80% said they would remain in the specialty—around the middle of the pack compared to physicians overall.

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

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Medscape Endocrinologist Compensation Report 2020

Keith L. Martin | May 20, 2020 | Contributor Information

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Medscape Physician Compensation Report 2020

More than 17,000 physicians told us about their salary, incentive bonus, and denied claims, and how they feel about their career in medicine.Medscape Features Slideshow, May 2020
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