Residency

Starting physician salaries on the rise

Residency Program Insider, June 17, 2016

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Nineteen of 20 physician specialties studied in a report from Merritt Hawkins saw starting salaries rise in 2014. The increase is fueled by the projected physician shortage and an aging population. Competition among hospitals to bring in physicians is also driving the salaries up. On average, a specialist generates $1.6 million annually for his or her affiliated hospital. A primary care physician generates $1.4 million annually.

The following are some of average starting salaries in 2014 with the 2012 figures in parenthesis:
•    Family medicine: $225,000 ($198,000)
•    General surgery: $378,000 ($339,000)
•    Invasive cardiology: $545,000 ($525,000)
•    Noninvasive cardiology: $493,000 ($442,000)
•    Psychiatry: $250,000 ($226,000)

Source: D Healthcare Daily



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