Primary Care Physician Salaries [And the Factors That Influence Them]

July 5, 2023October 31, 2021 by Justin Nabity

Physician wearing scrubs, hat, and a surgical mask in hospital

With the job title of primary care physician, you are the number one point of contact with your patients.

You’d think that your pay would reflect that.

However, according to The Heartland Institute, the salary for primary care physicians has barely increased in the past five years, while specialty physicians have seen a constant rise in salary.

Now, data from Sullivan Cotter does show that physician compensation across the board is still rising due to increased demand.

This means that physicians have more leverage in salary negotiations.

While there are certain factors that you can’t control, you can take measures to ensure that you are earning a base salary above the national average.

This article will delve into those measures. We’ll also discuss ways to protect your income and how to set yourself up for a strong financial future.

How Much Do Pain Management Specialists Make?

October 2, 2023August 19, 2021 by Justin Nabity

Pain management specialists can wear a variety of hats. They may use any combination of anesthetics, physiatry, physical therapy, and radiology to treat patients.

Pain management specialists may even enlist the help of psychologists or psychiatrists in their patients’ pain management plans.

Physicians who specialize in pain medicine may end up in a variety of healthcare settings, from the critical care unit of a hospital to an orthopedic medical center.

As you will learn in this article, pain management physician salaries can vary.

Factors that affect a pain management specialist’s total cash compensation (salary plus incentives) include:

Experience
Location
Type of practice

We will discuss these factors in depth to give you a good idea of your current and future market value. This information will be valuable to you in your employment contract negotiations.

Once you’re pleased with your salary, there are some financial actions to take to make the most of your income.

These include paying down debt as quickly as possible, protecting your salary with disability insurance, planning for retirement, and using tax planning strategies to save as much as possible on taxes.

How to Start a Successful Ophthalmology Practice

November 26, 2024August 16, 2021 by Justin Nabity

Senior woman patient talking with female ophthalmologist during a medical consultation at the ophthalmologic office. Doctor offering eye medicine for a patient

As a physician, there are multiple ways you can seek employment, grow your career, and earn the income that you’ve trained so hard for.

Physicians have the option to join a hospital group or a large health care network. They can work as an employee in a small practice or a medical clinic. Physicians can also start a solo practice, team up with other physicians to create a multi-partner practice, or join an existing practice on a partnership track.

And for ophthalmologists, starting a practice is often the most attractive option.

Whether you specialize in glaucoma treatment, cataract surgery, cornea or retina diseases, or practice comprehensive ophthalmology, here’s what you need to know to start a successful ophthalmology practice.

Transplant Surgeons’ Jobs: Specialty and Multi-Organ

December 18, 2023August 5, 2021 by Justin Nabity

Of all the advancements made in technology and medicine, organ transplantation remains one of the most impressive ways to save a life and extend life expectancy. And while the need for organ transplants is on the rise, there aren’t that many physicians who perform these surgeries.

According to Statista, there are 53,872 surgeons in the United States. But of those, only about 600 perform liver transplants. Even at world-renowned hospitals like Duke University and the Mayo Clinic, which have thousands of physicians and scientists on staff, there are usually only twenty or so transplant surgeons on the team.

However, because transplant surgery is so specialized, physicians in the field often find it daunting when it comes time to look for a new job.

Whether you specialize in the transplantation of one organ or perform multi-organ transplants, here’s how to find transplant surgeon jobs to advance your unique career.

Radiologist Jobs: Where Are You in Demand?

November 27, 2024July 14, 2021 by Justin Nabity

Becoming a full-time radiologist requires many years of rigorous training and challenging coursework. However, once you have completed this education and training, securing a position in the field is often easier than expected.

To qualify for radiology positions, each radiologist must earn a bachelor’s degree, pass the MCATs, and attend medical school. Following this, they need to pass the USMLE, complete a residency program, and pass a licensing exam to obtain an official medical license.

Are you an experienced physician seeking a new position? Or are you finishing up your residency and looking for your first full-time job? Either way, there are many ways to secure a radiologist position.

Unsure where to begin your radiology job search?

Here’s our comprehensive guide to radiologist jobs and how to find them.

Moonlighting Medical Residents: Side Gigs to Make More Money

January 6, 2025July 8, 2021 by Justin Nabity

As a resident physician, there’s one thing you can count on:

You’re going to earn a relatively small salary despite the long hours and hard work you’ll be putting in.

Residents earn a fraction of what licensed physicians make. And if you’re already burdened by student loan debt, these crucial years of residency training can be some of the most difficult ones to endure.

For many residents, the only way to get ahead on student loans and start saving for the future is to search for moonlighting opportunities.

As a physician, working a side gig, even if for only a few hours per week, can have a serious impact on your finances and your future.

Where Do Electrophysiologists Make the Most Competitive Salaries?

November 26, 2024June 15, 2021 by Justin Nabity

An electrophysiology cardiologist cares for patients with irregular heart rhythms. Electrophysiologists are one of the top-earning cardiologist subspecialties.

Considering that it is one of the most difficult medical specialties — and that it takes sixteen years of training to get licensed to practice — the high pay is understandable.

How much does an electrophysiologist make?

The answer to that question lies in more than just a number. There are several factors that can make that number jump or dip.

Interventional Cardiology Salary: Full Breakdown

November 26, 2024March 30, 2021 by Justin Nabity

In the past, every cardiovascular health issue required surgery to diagnose and heal.

However, that’s no longer the case.

Interventional cardiology uses transradial catheterization to access the heart to treat patients. This method reduces the possibility of complications and results in a much quicker recovery period.

Therefore, specializing in interventional cardiology can increase your demand in the medical field.

According to MedAxiom, interventional cardiologists are among the highest-paid cardiologists, earning much more than non-invasive cardiologists.

But when it comes to subspecialization, it can be difficult to know the fair salary range for doctors.

This article will help clear up the going salary for interventional cardiologists. It also lays out the best way to deal with many of the financial issues an interventional cardiologist may face in their career.

We will discuss topics such as:

Average interventional cardiology salary
Factors that affect the fair market value of an interventional cardiologist
How to pay off student loan debt as quickly as possible
Additional ways that interventional cardiologists can increase their annual income
How to negotiate with a potential employer to gain the best possible contract
Protecting income through effective tax planning, disability insurance, and smart retirement investing

How Much Can You Make as a Vascular Surgeon?

November 26, 2024March 13, 2021 by Justin Nabity

At some point in college or med school, you probably realized that physicians in specialties earn considerably higher salaries than physicians that focus on primary care.

According to 2022 data from Medscape, the average primary care physician in the United States earns approximately $260k per year. At the same time, specialists earn an average of $368K per year.

Among specialists, surgeons fare even better. Plastic surgeons earn an average of $576K per year, and general surgeons make an annual salary of $402K.

But what about vascular surgeons? Where do they fall on the salary spectrum?

Here’s our breakdown on how much vascular surgeons earn, where they make the most, and what factors affect those earnings.

Residency Salary Guide for New Physicians

November 3, 2023February 12, 2021 by Justin Nabity

Once Match Day and med school graduation are behind you, the idea starts to sink in:

You’re about to become a physician.

For most medical school graduates, this is an exciting time in life. It’s your first chance to work full-time in a hospital.

It’s your first real opportunity to understand what hands-on patient care is all about. And it’s finally time to start earning a paycheck.

Regardless of the school of medicine you attend, residency is a requirement for every physician.

But residents, unfortunately, do not earn the big bucks.

So how much do residents actually make? Does it matter where you do your residency? Is specialty a factor? Do you get a raise or an increase for every year you’re in training?

Whether you’re about to start medical school or are already starting to interview for residency programs, here’s our residency salary compensation guide for new physicians.

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