From 2017 to 2018, the national divide between male and female physician compensation shrank a bit, according to a recent report.
In recognition of the ongoing disparity, the American Medical Association adopted several policy prescriptions last year to help close the gender gap in physician compensation, including a call for pay structures that are objective and gender-neutral.
According to the report from San Francisco-based medical network Doximity, the chasm between male and female physician compensation dropped below the six-figure mark for the first time last year.
"In 2017, the physician gender gap was at 27.7%, when female doctors earned $105,000 less than their male counterparts. In just one year, the gender pay gap in 2018 dropped to 25.2%, or $90,490 less than the average male doctor," the report said.
Doximity has collected compensation data from nearly 90,000 physicians over the past six years.
While there was significant variation in physician compensation by gender in markets across the country, female physician pay could be trending upward compared to their male counterparts, the report said.
"Financial compensation for men stagnated while female compensation grew by 2%. After years of examination, the gender wage gap is now demonstrating a downward trajectory, suggesting that the industry is moving toward equally compensating female physicians."
The report focused on 50 metropolitan areas across the country. Diminishing the gender wage gap has been uneven. "Despite the progress in the overall gender wage gap, most metro areas with larger gaps saw an increase between 2017 to 2018. However, metro areas with smaller gender wage gaps saw the gap improve," the report said.
The headway in moving toward gender parity in physician compensation is heartening -- to a point, Mandy Huggins Armitage, MD, director of medical content at Doximity, said. "One of the important findings is the gender gap has decreased. Obviously, there is more work to be done."
Compensation by the numbers
The report generated several other key data points.
- The top 5 metropolitan areas for physician compensation were Milwaukee at $395,363, New Orleans at $384,651, Riverside, Calif. at $371,296, Minneapolis at $369,889, and Charlotte, N.C. at $368,205
- The bottom 5 metropolitan areas were Durham, N.C. at $266,180, Providence, R.I. at $267,013, San Antonio at $276,224, Virginia Beach, Va. at $294,491, and New Haven, Conn. at $295,554
- The top 3 specialties for annual compensation were neurosurgery at $616,823, thoracic surgery at $584,287, and orthopedic surgery at $526,385
- The bottom 3 specialties for annual compensation were pediatric infectious disease at $185,892, pediatric endocrinology at $201,033, and pediatrics at $222,942
"In 2018, medical specialties that require more advanced training continue to have higher salaries and distinct specialties earn significantly higher income than the average annual compensation," the report said.
Compensation growth levels off
Physician pay plateaued last year, the report said. "Nationally, wages were flat with less than 1% decrease in physician compensation between 2017 and 2018."
The slowdown in wage growth was modest, according to the lead author of the report. "It's a relatively minor change -- it's not like a 10% decrease. It's more of a leveling off, said Christopher Whaley, PhD, an adjunct assistant professor at the University of California Berkeley's School of Public Health.
The flat wage growth last year is probably a reflection of consolidation in the healthcare sector, he said. "In the past couple of years, there has been a wave of physician practices being bought by health systems. So, if you are working for a larger company like a hospital or health system, you may have less agency over your pay."
This report is brought to you by HealthLeaders Media.
Eeoc, women's Work Group Report
things to remember when a parent has bipolar disorder Then the driver fled the scene. Erik Cernak-Tom Wilson fight shows Lightning tough enough. Since its founding in 1998, Questia has helped students find and cite high-quality, scholarly research. Organizational and paper-writing tools to how do baby flutters feel? help you manage your research and automatically generate footnotes and bibliographies. Disney World to ban smoking in all parks, reduce stroller size. Treatment for...
Rays Matt Duffy says back and hamstring injuries will keep him out until May. More than 94,000 online books from reputable commercial what causes post-cesarean wound infections? and academic presses. Slow start once again an issue in Lightnings loss to Capitals. Questia at a glance, more than 500,000 students have used Questia since its launch. Top things to do bacteria living on insects could provide new antibiotics in Tampa Bay for Saturday, March. Tourist taking photos dies in fall at Grand Canyon.