Please confirm that you would like to log out of Medscape.
If you log out, you will be required to enter your username and password the next time you visit.
Log outCancel
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022
| Contributor Information
Swipe to advance
1 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Physicians fared better financially this year than in the height of the pandemic but still struggled with tough workloads, long hours, and difficult situations.
More than 13,000 physicians in 29+ specialties told us how their compensation fared, how they supplement their income, and how they feel about being a physician. Employed physicians revealed their 2021 income from patient care services including salary, bonus, and profit-sharing. Self-employed physicians reported their earnings after taxes and deductible business expenses, but before income taxes. We analyzed compensation for full-time physicians only.
Note: Some totals in this report do not equal 100% owing to rounding.
2 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Allergists' average income rose from our last report ($274K), when COVID-19 took a greater toll on medical practices' finances overall.
"Compensation for most physicians is trending back up as demand for physicians accelerates," says James Taylor, group president and chief operating officer of AMN Healthcare's Physician & Leadership Solutions division. "The market for physicians has done a complete 180 over just 7 or 8 months."
3 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Allergists' average compensation rose about 9% from our prior-year report. Allergists finished toward the middle of the 29+ specialties we surveyed, in terms of 2021 income gains. The annual US inflation rate rose to 4.7% last year, which affected physicians' purchasing power.
4 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
This chart applies to physicians overall. As for specialists, while the gender gap has narrowed in recent years, male specialists on average earned 31% more than their female counterparts in 2021. For primary care physicians (PCPs), the gender gap was 25%.
Women physicians gravitating to specialties — particularly higher-paying specialties — have helped close the gender gap somewhat. "A great many of the specialty organizations have efforts underway not just to increase the number of women in specialties but also to address gender pay gaps in evaluations during residency and fellowship," notes Ron Holder, chief operating officer of the Medical Group Management Association (MGMA).
5 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
About a third of allergists pointed to nonphysician practitioners as a source of competition; a quarter cited "minute clinics" and big box stores' clinics. Physicians overall most often cited nonphysician practitioners. (Respondents could choose more than one answer.)
"The Arkansas Legislature made independent practice legal for certified registered nurse anesthetists, so we are no longer needed."
"Our hospital changed groups so they can make more money."
"Hospitals are hiring primary care physicians and forcing referrals to hospital physicians."
"Urgent care clinics are our competition."
Competition may heat up even more in coming years for PCPs, because Walmart, Walgreens, CVS, and Amazon plan to build new or larger retail clinics that will offer many aspects of traditional primary care.
6 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Since 2015, average physician compensation has risen 29% overall, while compensation is up 33% for PCPs and 30% for specialists. Rising salaries help everyone get back on track by covering living costs and keeping up with inflation.
7 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
About a third of allergists are managing to take on extra work, usually by adding responsibilities to their medical workload. One in 10 even have side hustles outside of medicine. (Respondents could choose more than one answer.) Allergists took on extra work at a rate similar to that of physicians in general (36%).
"Physicians are fortunate to have a huge array of potential side gigs available to them," says Sylvie Stacy, MD, MPH, author of 50 Nonclinical Careers for Physicians. "Supplemental income that pays well is not difficult to find." She points to interest in early retirement and greater financial independence, and high levels of student debt, as factors.
8 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Getting paid well is one thing; feeling paid well can be another. Allergists landed toward the middle of all physicians in terms of feeling fairly compensated for their work.
For physicians, the dollar figure may influence job satisfaction less than the methods used to calculate it, says James Taylor of AMN Healthcare. Production bonuses that effectively penalize physicians for seeing relatively sick patients or that track quality measures that don't seem relevant or meaningful can backfire. "That's one reason we are seeing a decline in a salary plus production bonus and an increase in straight salary," Taylor says.
9 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
The challenges of treating COVID patients, working during the pandemic, and the overall changing tone of medicine prompted a number of physicians to leave the profession and disenchanted many others. Still, physicians would be about as likely now to enter a medical career again as in 2011 (73% and 69%, respectively).
While allergists are among those most likely to say they would choose medicine again, the percentage fell compared with last year's report (86%).
10 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Many physicians love their specialty; dermatologists and orthopedists are among the top groups in our survey year after year. At the other end of the scale, this year's report found that family physicians and internists would be less willing than most other physicians to repeat their choice. Allergists rank among the middle third of physicians overall.
11 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Around three quarters of allergists plan to continue taking Medicare and/or Medicaid patients. That rate is somewhat smaller than in last year's report (83%). Compared with last year, a somewhat lower percentage of allergists said they won't take new Medicaid patients (about 2% vs 7%), while a higher percentage is undecided (about 23% vs 11%). Overall, 70% of physicians said they plan to continue taking Medicare and/or Medicaid patients. (Respondents could choose more than one answer.)
Some physicians have opted out of Medicare over low reimbursements, but the issue is even worse with Medicaid. Another reason is that doctors encounter more billing problems under Medicaid, according to one study.
12 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Overall, 17% of physicians in our study said they could or would drop low-paying insurers, while the other 83% said they couldn't do that for business, ethical, or other reasons. But situations differ, and the yes/no splits often varied between allergists and other physicians.
13 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
One in 10 allergists said they plan to participate in MIPS, down from close to 3 in 10 in our prior report. None said they plan to participate in APMs, similar to last year (2%).
The marketplace has been shifting in recent years. The Healthcare Financial Management Association says in the Medicare program, a sharp increase in physician participation in APMs has been accompanied by a dip in MIPS participation.
14 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Nearly 4 in 10 allergists said being good at their work is the most rewarding part of their jobs. Patient relationships and being good at their work are highly valued by physicians overall, though in recent years they have increasingly emphasized making the world a better place.
15 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
For allergists, difficulties with insurers, the number of rules and regulations, and dealing with difficult patients are the biggest challenges they face. Physicians overall most often cite the burden of rules and regulations.
16 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
17 of 18
Scroll
Medscape Allergist Compensation Report 2022: Incomes Gain, Pay Gaps Remain
Jon McKenna | May 13, 2022 | Contributor Information
Commenting is limited to medical professionals. To comment please Log-in.
Comments on Medscape are moderated and should be professional in tone and on topic. You must declare any conflicts of interest related to your comments and responses. Please see our Commenting Guide for further information. We reserve the right to remove posts at our sole discretion.
Comments on Medscape are moderated and should be professional in tone and on topic. You must declare any conflicts of interest related to your comments and responses. Please see our Commenting Guide for further information. We reserve the right to remove posts at our sole discretion.
Close
Contributor Information
Jon McKenna
Senior Editor
Medscape Reports
Close
References
Close
Image Zoom
Close
Feedback
Please do not use this form to submit personal or patient medical information or to report adverse drug events. You are encouraged to report adverse drug event information to the FDA.
Comments