Career and Life Planning Guidebook for Medical Residents

Medical specialty – It is no surprise that medical and surgical specialists experience higher levels of compensation than primary care physicians. Primary care is generally defined to include family medicine, internal medicine, general pediatric medicine, general obstetrics and gynecology, and geriatrics. Physician Specialty (Primary Care) Provider Count Median Family Medicine 9,366 $260,108 Internal Medicine 7,367 $273,254 Hospitalist – Internal Medicine 5,982 $293,252 Pediatrics and Adolescent – General 4,080 $245,043 Geriatrics 383 $250,000 Urgent Care 1,274 $283,787 Physician Specialty (Specialists) Provider Count Median Anesthesiology 2,226 $436,404 Cardiology – General 2,071 $519,964 Cardiology – Cath Lab (Invasive Interventional) 992 $613,743 Diagnostic Radiology (MD Non-Interventional) 1,734 $482,599 Emergency Medicine 2,703 $363,201 Gastroenterology 1,638 $527,998 General Surgery 1,950 $431,163 Hematology and Medical Oncology 1,527 $450,502 Consider the “Total Compensation” national median data reported by AMGA: AMGA 2019 Medical Group Compensation and Productivity Survey, 2018 data (1) The preceding national survey data reflects established and experienced physicians, indicative of longer-term compensation earning potential. An important distinction here is that these data points are not reflective of merely base salary levels but rather of total cash compensation, which is inclusive of all sources of compensation (base salary, production bonus, quality, call coverage, medical directorship, etc.). However, for those of you in primary care, don’t fret. You are in very high demand and may have a better pathway to work-life balance not afforded to those in specialty practices. Physician Compensation 223 WWW.PHYSICIANCAREERPLANNING.COM