10 Best States to Practice Medicine

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Choosing to pursue a career in medicine was the easy part.

Deciding where you want to transplant your practice — and possibly your entire family — is a much heavier decision.

And to make matters even more complicated:

For physicians, no two states are the same.

Some states shine bright with an average physician salary of over $300,000.

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Another holds the #1 slot for the best quality of life.

And a few post a concerning 51% physician burnout rate.

So, where are the best states to practice medicine? And what makes them worth picking up your entire life and crossing state borders?

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High Salary Specialties: Cardiologist Salary

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The heart is a very complex and essential organ in the body. As a cardiologist, your role in keeping that organ functioning properly earns you one of the highest salaries in the medical field.

Within the cardiology specialty, there is a wide range in the amount of money physicians can make. Most of this is due to experience, location, and the type of facility a cardiologist practices in.

There are some ways that a cardiologist can increase their salary outside of these constant factors. By making a few key strategic career choices, you can possibly see a dramatic increase in your earnings.

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Are you a new cardiologist trying to take the necessary steps to ensure you earn as much as you can? Perhaps you are relatively experienced and would like to increase your salary but aren’t sure how.

This article will explain the key factors in how a cardiologist’s salary is determined. It will also touch on what you should do to protect your earned income and progress toward a stable financial future.

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Preparing For Your Job Search After Residency

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Life as a medical resident is full of ups and downs. On the positive side, you’re reaching the end of your schooling and training, and you’re almost ready to find that first full-time job as a practicing physician. On the negative side, you’re reaching the end of your schooling and training — and finding a … Read more

Physician Compensation Report 2020

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Physician compensation report 2021
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

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

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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.

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What Is Sullivan Cotter? What Physicians Need to Know

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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.

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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.

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Understanding Your Resident Doctor Employment Agreement

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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.

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What Doctors Can Expect During Physician Salary Negotiation

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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.

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How to Become a Medical Director

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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.

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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.

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