Physicians / Doctors Salaries & Incomes in USA and the World

MDsalaries crosses 2 Million Visitors

2009-11-03T21:08:00.000-08:00

This post is intended to have only one reader - Me ! ;-) Lol..yea..a 'vanity post' , which certainly makes me feel good - especially when i see these numbers despite slacking off from any blogging lately ...2 Million sounds good to me. Hmm...must be those comments from you guys that keep the Google pagerank rolling !Well since I am posting something anyways, why not make a quick reference to what

UK Family Docs making upto £380,000/year !

2009-08-25T02:08:00.000-07:00

And that's even more that the £270,000 (More than US $600,000 in Dec'07 rates) made by Britain's highest paid General Practitioner in 2007. In Aug 2009 exchange rates, £380,000 translates to $622,000 US Dollars. (Yup, Pound has depreciated against the US greenback)These salary rises have been occuring ever since a 2004 NHS payment contract that gave rich bonuses for extra work, weekend work and

Alberta to pay MDs >$500/hr for H1N1 Flu care

2009-08-20T08:02:00.001-07:00

Yet another example of "Danger Pay" like a previous post about Canada paying upto $155,000 per month to docs to work in war-zone Afghanistan, the Alberta providence in Canada is thinking about paying doctors more than $500 an hour to treat swine flu patients in case on a pandemic. Many countries are stepping up their contingency plans for the coming fall. (As for me, I have made sure that I

Attending urges me to consider "Roth IRAs" during Residency

2009-08-19T07:22:00.001-07:00

This post is geared more towards International Medical Graduates starting residencies in the US and are planning to settle in the US, since I expect the American Grads to already know about this.An IRA stands for 'Individual Retirement Account', a provision of tax-sheltered or exempt investments for the purpose of retirement. It is money you start saving with the intention of not using until you

The 2008 "Health Care Dollar": MD expense = 33%

2009-08-01T14:52:00.001-07:00

Discussing the split-up of the "health care dollar" i..e tracking how the insurance premium dollars are spent, was always a favourite figure on presentations when I studied for my Masters in Health Administration. Here's an image of the 2008 health dollar spending profile, based on a 2008 study by PricewaterhouseCoopers :Source: www.ahip.org/content/default.aspx?docid=25127So as of 2008, Doctor

Weekend MDsalaries Snippets

2009-07-11T08:04:00.000-07:00

Is it time for doctors in America to go on a mass strike like it happens in countries like India, Nepal, and more recently South Africa? MDs in US have been under 3rd-party rule-n-money-control for years by people who don't know squat about medicine. Should it really take a psychologist to drive home the point that hello docs, healthcare sector is yours and you need to take it back ? Gregory L.

Survey of Surveys : MD Salaries 2008 (USA)

2009-07-10T18:18:00.001-07:00

Various professional organizations & recruiting agencies publish results of doctor incomes each year, like you might have seen on this blog, and their figures differ a lot at times - why ? Coz' they all have a different pool of physician-mix that they get their data from, like academic, practice owners, group practices, etc. Modern Healthcare published a compilation of such 2008 surveys - which

"Residency Stipend Programs" become more prevalent

2009-07-08T13:49:00.001-07:00

Besides moonlighting, another good way for residents looking to add extra dollars to their average $45,000 a year stipends is signing up early for jobs and getting paid additional monthy bonuses from their future employers in advance. This is something that I had already mentioned on my post about "Bonus Job Payments Long before Residency Ends"Recently we Internal medicine residents received a

2010: Specialist Salary Cuts & Primary Care Pay Raise?

2009-07-05T12:27:00.001-07:00

This had to happen some day...Medicare recently proposed readjustments in their payment amounts and here are numbers that reflect an approximate effect on payment to different physician specialties. Biggest losers seem to be Cardiology and Radiology. While Primary care (Internal medicine, Family Medicine, Geriatrics) would see higher payments...SPECIALTY OVERALL

Work Hours/Week by MD Specialty: 2008 MA Data

2009-07-03T20:19:00.001-07:00

While deciding a specialty of your choice, besides the salary, medical students also wish to know how much will they need to sweat it out each week to earn their $$$. In fact, surveys show that newer docs of today rate lifestyle higher than salary when it comes to picking up a specialty and also a location to practice....slackers!!!! ;-)Previously I had posted data on work hours per week by

U.S. Cardiologist gets 10-Year Jail for excess procedures

2009-07-03T19:46:00.000-07:00

Right in the time of the healthcare debate and the enlightening article by Dr. Gawande about excess healthcare driving up costs, comes this news about Cardiologist Dr. Patel going to jail for doing a lot of unnecessary procedures. He is trained as an interventional cardiologist and performed at least 51 unwarranted stent placements. He allegedly falsified medical records and included chest pain

AMGA's Multi-Specialty MD Salary Survey Report (2008)

2009-07-03T11:14:00.000-07:00

Another addition to the stream of salary survey data strewn all over this blog....This salary report published on the CMS (Center for Medicare and Medicaid Services)Website should be very reliable. Here are income figures for some specialties that I have been too lazy to cover on this blog so far:Surgical:Bariatric (Weight Loss) Surgeon: $337,000Breast Surgeon : $204,000Surgical Oncologist:

ER Doc Salaries in Winnipeg touch $500K !

2009-07-03T10:30:00.000-07:00

Supply and Demand Laws at work again ! Physician paucity in Winnipeg, MB (Canada) has led to some big-ticket jumps in ER doc salaries to prevent them from being pulled away by other employers. Figures released by Winnipeg Regional Health Authority (WHRA) show that some docs enjoyed a salary jump as high as 178% in a year, pushing their salaries higher than the top paid administrators.Their top

Dr.Conrad Murray's Salary: (Michael Jackson's Doctor)

2009-06-29T16:54:00.000-07:00

With the amount of money that Michael Jackson owed, I am surprised he paid Dr. Murray anything at all !But according to this source, Dr. Conrad Murray's salary was set contractually at $150,000 a month, or $1.8 Million a year ! Which is still a tad less than what a cardiologist I recently met makes, but making all that with just one patient to treat and follow was easy money for the

A Look into Top-Doc salaries @ Univ. South Florida

2009-06-20T09:10:00.000-07:00

Salary Data = Feasting time for MDsalaries blog ! Lol 2008 figures made public about employees at University of South Florida reveal the following top earning designations:Chair & Professor1. Dermatology = $ 1.3 Million 2. Surgery = $843,514.003. Ob / Gyn = $532,374.004. Neurosurgery = $528,691.005. Pediatrics = $347,192.006. Psychiatry = $341,502.00Molecular Medicine = $325,000.00 7. Neurology =

MGMA: 2008 saw higher starting MD salaries

2009-06-19T14:22:00.001-07:00

These days the talk about specialists losing income to primary care under the Obama administration is gaining traction. The CMO of the hospital system where I work told us : "Specialists had their good days, they should thank god for their boom times and move on to smaller pay checks - its's inevitable". But as of last year, specialists continue to ride the higher Y-axis slots of income increase

Basics: Socialized v/s Single-Payer v/s Universal Healthcare

2009-06-10T04:25:00.001-07:00

Every once in a while, this blog might go into a "tutorial mode" - but that's more so for me than for you fellas, since teaching is the best form of learning and there is a lot for me yet to learn !Socialized Medicine / Healthcare: System of healthcare delivery where the government owns the healthcare facilities and all healthcare providers are direct employees of the governmente.g. Britain's

Should Non-Profit Hospital Salaries be Capped ?

2009-06-08T04:09:00.000-07:00

I just reading this interesting article giving an interesting angle to looking at salaries in Non-profit sectors, with the reporter being amused about finding that that non-profit organizations could also pay tons of dollars in salaries:"Working for or leading a nonprofit does not necessarily mean taking a vow of poverty, as the Times Herald-Record discovered" and then gives a list of salaries

Radiologists Lose? Medicare Won't cover "Virtual Colonoscopy"

2009-05-14T08:20:00.001-07:00

About a year ago, I had written about Radiologists possibly encroaching the Gastroenterologists' income-turf with popularizing the "Virtual Colonscopy". Medicare just proved to be a spolier by deciding not to pay for those...Two reasons Why Medicare will not cover:1. No convincing evidence that virtual are any better than endoscopic colonoscopies in detecting lesions2. When a virtual one detects

Recession Affecting Docs in US ?

2009-03-05T20:44:00.001-08:00

A family medicine doc practicing in Mississippi since 40 years has seen a 30% drop in his income, caused by a 50% drop in his patient traffic in this 2007-2008-2009 recession season, as reported in this article.True that people are cutting back on almost everything including cancer screenings, which has the cancer docs all worried, not only about income but also about missing cancers at an early

DMC-WSU Lose Residency Tax War.....For now

2009-03-04T17:49:00.000-08:00

[ DMC = Detroit Medical CenterWSU = Wayne State University ]For quite some time, the issue of whether medical residents in US are students or workers for tax purporses, has been a bone of contention between residency programs and the Internal Renenue Service (IRS), like I had alluded before when I shared an image of my first residency payslip.The fight revolves around the 'FICA' TAX. There are

Bonus Payments long before Residency Ends !

2009-02-28T15:17:00.000-08:00

The job market for fresh-off-residency US internists still looks pretty strong in this sorry economy...I happened to be chatting with a second year internal medicine resident from my program, who is looking out for hospitalist jobs. He said he heard back positively from almost every place he applied or enquired, including one place that even offered him $1500 per month cash payments right away

Average Doctor Salaries in Peru

2009-02-25T19:20:00.000-08:00

When I hear "Peru", my associative memory replays the trivia I had read off Harrison's Internal Medicine about the Origins of the Anti-Malarial Quinine, which as many of you would know, is derived from the barks of the Cinchona tree. Cinchona was called so because in 1638, Anna del Chinchon, the wife of the viceroy of Peru, was cured of her malaria by the bark from this tree ! Lol...And you

Weekend Salary Snippets

2009-01-11T08:14:00.000-08:00

Since everybody is debating on Dr. Sanjay Gupta as a "Surgeon General" choice - MDsalaries blog is all ears about what a 'Surgeon General" 's salary/income might be : For 2009, a U.S. Surgeon general will be paid around $190,000 as per this source. A Surgeon General, who is the head of the U.S. Public Health Service Commissioned Corps, is not the same as a "General Surgeon" - in Fact Dr. Gupta is

Doctor defends "Concierge" Medicine...

2009-01-06T18:10:00.000-08:00

Most of you already know that "boutique" / "concierge" or retainer medical practice refers to the business model wherein physicians limit their services to fixed list of patients (About 400 to 600) who pay yearly fees upfront, typically $1,500 to $2000 a year or more. This way the physician not only gets his income guarantee but is also able to provide much better services by virtue of