Physician Compensation Report 2020

August 6, 2025September 11, 2020 by Justin Nabity

Regardless of your specialty or what city you work in, most physicians are curious about how their salary stacks up against the competition. Moreover, whether you’re thinking about practicing in a new state or wondering if your signing bonus is what it should be. Know the facts to protect yourself and your earnings.

Let’s answer some questions:

Which physicians make the most money?
Moving a few states away to increase your salary?
How your specialty compares against the salaries of physicians in other areas of medicine?

We wanted to know:

How much physicians are really making
Which specialties are in the greatest demand
Which regions of the country are hiring the most
Where physicians are being offered the biggest bonuses

Spending hours pouring through hundreds of pages in pricey compensation reports is usually the only way to find this information — but we did the legwork for you.

Therefore, we have created our second annual physician compensation report to help.

In this report, we detail:

How physicians in different medical specialties and regions of the United States are being paid for their work
The gender wage gap
How much physicians are earning in bonuses and incentives
Which specialties are in the greatest demand

In addition, we’ve compiled data from nearly a dozen different sources to offer you:

**The Free Physicians Thrive 2021 Physicians’ Compensation Report**

When Physicians Should Walk Away From a Job Offer

October 18, 2022August 24, 2020 by Justin Nabity

The decision to turn down a job offer can be a difficult one. Especially for young doctors facing pressure to secure an employment contract. Too many new physicians make the mistake of accepting any offer out of a sense of urgency. Only to then find themselves stuck in a bad position or back on the … Read more

What a Physician Should Do If They Just Started a Job and Got Another Offer

December 19, 2024July 1, 2020 by Justin Nabity

It is common practice for physicians, regardless of their specialty, to sign a physician employment contract. Hospitals, healthcare groups, and private practices alike put contracts in place to protect both the employer and the physician.

In many cases, signing a physician employment contract is a cause for celebration and congratulations. It usually means that you’re about to start a new position that you’re excited about.

But what happens if you sign a contract and, in your first week, realize the job is not a good fit for you?

What do you do if you sign a contract then get a better job offer that you’d rather take?

Physician contracts are binding legal agreements — but there are some ways out of them.

The question becomes, is that contract worth breaking? What will be the ramifications for doing so?

Today we’ll guide you through the process of what to think about and how to decide whether you should get out of your current contract.

What Is Sullivan Cotter? What Physicians Need to Know

November 26, 2024June 3, 2020 by Justin Nabity

Interestingly, the market for physicians is an ever-fluctuating scale. Healthcare organizations want to keep costs low while maintaining physician productivity and fair compensation.

To find benchmark numbers that ensure a successful healthcare business requires a lot of data.

The development of independent consulting firms met the need for this data. They took the initiative to create a document that gave these healthcare organizations the information they needed.

In order to be accurate in their statistical data, these sources had to have a significant number of participants to be reliable. Each of these consulting firms survey thousands of physicians from a variety of specialties in order to make their survey data accurate.

Sullivan Cotter and Associates is one of the leading and most influential consulting firms in that industry.

This article will give an in-depth explanation of the role they play in the determination of your potential salary. And how they go about accomplishing that.

Understanding Your Resident Doctor Employment Agreement

December 19, 2024June 1, 2020 by Justin Nabity

While physicians work in all sorts of different facilities and specialties, there’s one thing that all physician jobs have in common: they always require contracts.

Unlike other professionals in other industries, physicians work under strict guidelines, and contracts are in place to protect doctors as well as the hospitals or healthcare groups they work for.

As a resident, you’ll get your first taste of what a physician’s employment contract looks like when it’s time to sign your resident doctor’s employment agreement.

Resident employment agreements are extremely important, and you need to understand what they entail and why they include the information they do. Here’s what you need to know to understand your resident doctor employment agreement.

What Doctors Can Expect During Physician Salary Negotiation

June 3, 2025May 29, 2020 by Justin Nabity

When it comes to the health of your patients, physicians are cool and confident under pressure.

When it comes to negotiating your salary for a new job, however, you might feel uneasy. Discussing the sensitive subject of money can be awkward.

As with any situation, knowing what to expect beforehand can help to ease some of the anxiety you might be feeling.

To help you prepare for this negotiation, we’ve created this guide to physician salary negotiation.

That way, you will come out on the other end of the negotiation process with a competitive salary and benefits package that meets your worth and needs.

How to Become a Medical Director

July 3, 2025May 4, 2020 by Justin Nabity

Are you looking for an opportunity to work in a non-clinical job?

Would you be interested in a challenging new position that will give you more authority in your field?

If you’re a physician that’s ready to take on a leadership role, you may want to consider becoming a medical director.

Following is an in-depth look at the role of the medical director. From the requirements and certifications you’ll need to the day-to-day duties, we’re breaking down everything you need to know about the role and responsibilities.

How COVID-19 Is Affecting Physician Employment Contracts

June 27, 2024April 17, 2020 by Justin Nabity

While COVID-19 has left no corner of the medical field unaffected, physicians around the country are experiencing the effects of the pandemic in different ways. While many pulmonary and critical care doctors are struggling to meet the needs of a growing patient load, other practices are reducing hours. As well as cutting costs and even … Read more

Understanding Your Physician Independent Contractor Agreement

October 20, 2022April 7, 2020 by Justin Nabity

With the exception of physicians that own private medical practices, every physician will, at some point, have to sign a physician contract. It doesn’t matter if you work as an employee of a hospital group or as a locum tenens physician in an urgent care center — contracts are to be expected.

Understanding that contract, prior to signing it, is crucial.

Today we’re breaking down the most important components of the independent contractor agreement. These differ from standard physician employment contracts, so it’s important to know what they should and shouldn’t involve.

Here is our complete guide to understanding your physician independent contractor agreement.

Physician Contract Termination: How to Protect Your Interests

August 19, 2025April 6, 2020 by Justin Nabity

Physician contracts are legally binding documents that contain all the terms of your employment. In addition to details about your salary and benefits, contracts also include termination clauses.

The termination clause is a key part of the contract, both for physicians and employers. Before ending your contract or firing an employee, it is important that you understand every aspect of the termination clause.

Ready to learn more? Here is our guide to physician contract termination and how to protect your interests.

The Free Physicians Thrive 2021 Physicians’ Compensation Report

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**The Free Physicians Thrive 2021 Physicians’ Compensation Report**