Here are 15 statistics on orthopedic surgeon compensation based on the Medscape Orthopedist Compensation Report 2012.
1. Employed by a healthcare organization: $427,000
2. Single-specialty group or practice: $391,000
3. Multi-specialty group or practice: $340,000
4. Solo practice: $256,000
5. Hospital employment: $251,000
6. Academic setting: $225,000
7. 36 percent of orthopedic surgeons saw compensation decrease in 2011
8. 34 percent reported no change over 2010 compensation
9. 30 percent of orthopedic surgeons reported compensation increase in 2011
10. Males orthopedic surgeons: $326,000
11. Female orthopedic surgeons: $240,000
12. 42 percent of orthopedic surgeons don't consider themselves rich
13. 12 percent of orthopedic surgeons do consider themselves rich
14. 47 percent of orthopedic surgeons said their income may qualify them as rich but debt and expenses mean they don't feel rich
15. 50 percent of orthopedic surgeons feel fairly compensated, which means 50 percent fell they are unfairly compensated as well
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Compensation by employment setting
Orthopedic surgeons who were employed by healthcare organizations received the highest average compensation last year. However, orthopedic surgeons in single-specialty or multispecialty groups both received more than the average hospital-employed orthopedic surgeon. The lowest average compensation went to orthopedic surgeons employed in an academic setting.1. Employed by a healthcare organization: $427,000
2. Single-specialty group or practice: $391,000
3. Multi-specialty group or practice: $340,000
4. Solo practice: $256,000
5. Hospital employment: $251,000
6. Academic setting: $225,000
Compensation compared to last year
Around a third of orthopedic surgeons saw no difference in income between 2010 and 2011, which was also true for 40 percent of physicians in all specialties, according to the report. This number is down from the 2010 survey comparing 2009 income to 2010 income, where around 50 percent of surgeons reported no change.7. 36 percent of orthopedic surgeons saw compensation decrease in 2011
8. 34 percent reported no change over 2010 compensation
9. 30 percent of orthopedic surgeons reported compensation increase in 2011
Compensation by gender
Male orthopedic surgeons made 36 percent more than female orthopedic surgeons in 2011. However, both groups reported significant declines in average income compared with 2010. Male physicians across all specialties report 40 percent higher compensation than female physicians.10. Males orthopedic surgeons: $326,000
11. Female orthopedic surgeons: $240,000
Compensation compared to other professions
The majority of orthopedic surgeons don't consider themselves rich, partially due to their high expenses and debt, which off-set compensation. Half of orthopedic surgeons felt they were unfairly compensated, a slight decrease from last year when 53 percent felt unfairly compensated.12. 42 percent of orthopedic surgeons don't consider themselves rich
13. 12 percent of orthopedic surgeons do consider themselves rich
14. 47 percent of orthopedic surgeons said their income may qualify them as rich but debt and expenses mean they don't feel rich
15. 50 percent of orthopedic surgeons feel fairly compensated, which means 50 percent fell they are unfairly compensated as well
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