Nearly half of young orthopedic physicians carry student debt: 5 notes

Almost half of orthopedic physicians under 40 have student debt, according to Medscape’sYoung Physician Compensation Report 2022.”

Advertisement

Medscape surveyed 2,000 physicians under 40 from Oct. 5 to Jan. 19 about their salary, incentives and other metrics.

Five things to know:

1. Forty-eight percent of young orthopedic surgeons carry student debt. Specialties with the highest amount of young physicians in debt are otolaryngology (67 percent), general surgery (67 percent), family medicine (62 percent) and critical care (62 percent)

2. Young specialists earned an average salary of $324,00

3. Young physicians overall earned an average salary of $293,000 in 2022. This is up from $272,000 in 2021

4. Overall, young physicians in office-based single-specialty group practices earned the most with an average salary of $327,000. Young hospital-employed physicians earned $293,000, and outpatient clinic physicians earned $228,000

5. Young male physicians on average earn 37 percent more than young female physicians. Young male physicians on average earned $337,000 while young female physicians earned $246,000.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in Orthopedic

Advertisement

Comments are closed.