Compensation Survey Provider Review: Doximity

As a medical professional, you may have heard of Doximity. Doximity works much like a social media platform, except it is only for medical professionals. It is the largest US healthcare professional database in America. Doximity is a downloadable app that is available on both iOS and Android, and it’s installed directly into your phone. Users can benefit from the many different functions available, the chief of which is the Doximity salary map.

Once a user has created their profile, they can search for their profile, as well as their connections, to learn more about their position within the system. A salary map is a useful tool that provides data on compensation and relocation throughout the country.

In this article, we will explore what Doximity is, how it can benefit you, what data is available, and ultimately, how it stacks up against other popular survey providers.

Let’s begin.

What is Doximity and Doximity Salary Map?

Doximity is a social media platform for medical professionals throughout the United States. It functions like a phone app and distributes information widely. In many ways, it is much like LinkedIn, but strictly for those within the medical field. This means that data is freely shared between users, and privacy settings are on an”opt-in” basis. Once the Doximity app is downloaded, users will need to find their profile. Doximity’s database is connected to a list of registered medical professionals throughout the country. Only those who are properly certified can sign up.

Once the profile is found, users will then select their “profile” which identifies them. Sometimes, it may not appear in searches due to name changes. It is recommended to try every variation of your name, including birth name, professional name, and maiden name, if applicable. Users who cannot find their name will need to manually create a profile and identify themselves through a screening process. The process differs for those who are not MD, DO, NP, or PA certified.

The Doximity Salary Map is just one of its core features. It is designed to help explore compensation trends, calculate years to home ownership in the selected area, as well as distribute median home prices to your intended locations. This is only available to users who have downloaded and claimed their profile, and the map is limited to the United States. There are three sections:

1. Users have an option of choosing different specialties in the first section and can search for these specialties by location.
2. The second section is the most used. Medical professionals can search key metrics, which include salary and median home price.
3. The third section will provide a score, from low to high, on the selected metric in the second section.

There are various other features in addition to the Doximity salary map. These features include job listings, corporate partners, addressing workflow issues, and digital health solutions.

History of Doximity

Doximity was founded in 2010 and is the leading medical network for physicians and advanced practice clinicians. In its network, Doximity currently contains 80% of all licensed U.S physicians of all specialties and practices. Doximity verifies its members through its database and enables easy networking with other medical professionals, inside or outside your field. Doximity provides digital tools that help to ameliorate your practice, including research and medical news, and to empower its users to manage their careers and conduct virtual patient visits.

By 2013, the platform had already become the largest network for US healthcare professionals, with 10% of all U.S doctors listed as members on the site. In just one year, this number shot up to 40% in 2014. There are currently more than 2 million registrants on the site at the time of this writing, which represents the aforementioned 80% figure. In June 2020, Doximity was acquired by THMED, which was one of the largest milestones in the company’s history. The new platform had changed the parent company’s mission directive, and a new brand followed. The company changed its name to Curative, which reflected its renewed dedication to concentrating on customized personnel queries.

How Doximity Gets its Data

Doximity differs from most compensation data providers as this was not the primary business model or intent of Doximity during its inception. The founders of Doximity created it to empower medical professionals with the network and tools necessary to not feel alone in their field. It can be difficult to find people to connect with online, especially for those with niche specialties or specific criteria. Clinicians and physicians have often felt isolated from other professional networking groups as they are not able to properly relate to these processes.

In this way, Doximity leads the pack in filling that need in the market. They boast a social network that is completely professional and kept up to date. However, this is where the similarities end. While social media networks follow a “freemium” business model where the data is sold in exchange for advertising and research, Doximity is serious about safeguarding the data of its users. The business model is extremely interesting as it shows its dedication to its platform and the people within it.

Doximity runs a subscription-based vertical model that charges users a regular fee on an established cadence. In addition, Doximity has corporate sponsors and partnerships that earn them the business necessary to keep their platform from having excess costs, or having to monetize data. Instead,  Doximity prefers to use its data for the greater good within its network, to anonymously provide full and unbridled information to the persons accessing the data.

Crowdsourced and user-driven

Doximity sources their compensation data from over 36,000 physicians that have anonymously reported their compensation estimates during their profile creation. Physicians can volunteer any information regarding workplace compensation and workplace conditions, provided that the information is correct and up-to-date. Using this information, Doximity can recommend a perfect match for your future position or contract. It can also assist with career growth by providing curated content to help navigate uncertainties.

Income potential can become unlimited with various side-gig opportunities found within the page, for those who are looking to work remotely to enrich their income avenues. Physicians can also benefit from a workplace navigator, residency navigator, and even choose their career preferences.

Because profiles are kept up to date, and users often use their profiles daily, weekly, and monthly, the data is consistently refreshed and up to date. Unlike other compensation providers, complicated surveys and research has been done entirely on the front-end, and mostly ameliorated through the launch of the Doximity salary map once more than 36,000 physicians had contributed.

Read this: A Tale of Two Doctors – and a Million Dollar Mistake

How Can a Physician Participate?

Participation is simple and anonymous. It is a requirement in the subscription that you provide the necessary information so that others can benefit from this. Only any user can equally take advantage of it. All results and data are anonymous and never shared with users, and your data is never shared with any third party. Medical professionals can use the platform to search for employment opportunities, but that information is between the aspiring candidate and the potential workplace.

How Does Doximity Help Physicians

Doximity has all the benefits of a social media profile, with much less downfall. Most objections surrounding creating a social media profile are the reluctance to share information, or the fact that it must be compliant and with professional capacity and conduct. This means that some organizations will not allow their medical professionals to have a social media profile that is unmonitored, because it may interfere with the professional image of the brand itself.

Doximity does not have that issue. The creators of Doximity made the platform solely to connect with other collages within the healthcare field. Furthermore, the network is to speak with your colleagues and collaborate with them on current issues or research. In this way, this is one of the most widely accepted social media “platforms” for medical professionals that are looking to expand their horizons.

Doximity helps reduce obscurity when it comes to compensation and relocation. It empowers its users to feel confident in their careers, and make the necessary changes if it is not working to their benefit. This is where the Doximity salary map shines. Not only does it provide compensation in your area, but it shows the salary, benefits, and other packages conducive to positions in other cities and states. Users are also able to list their preferences and criteria so that the algorithm is only populating the most relevant details and information.

Considering a move to California? Read our Complete Guide to Practicing Medicine in California

Doximity vs MGMA

MGMA: Medical Group Management Association provides unique mentorship opportunities and resources which help medical professionals obtain a new job, or increase their positioning within their career. MGMA also helps many healthcare facilities post jobs and partnerships within their network. As a compensation provider, MGMA is one of the most well-known in the industry. They include surveys and data from thousands of metrics, including salary data. The data is accessed from data analysis, reports, and surveys that are conducted regularly throughout the healthcare industry. This is mainly done through their DataDrive tool.

Doximity and MGMA have one thing in common; job listings and providing transparency on salary and other compensation. MGMA provides more detail, such as staffing reports, cost/revenue reports, and operational reports. On the other hand, Doximity focuses on applicable metrics for a wider network. For example, Doximity has median home prices and a relocation tool. MGMA does not include these metrics.

Doximity vs Sullivan Cotter

Sullivan Cotter is an independent consulting firm that studies the benefits and implications of different workforce strategies within the medical field. In essence, they help healthcare organizations effectively manage their businesses. Sullivan Cotter works with different healthcare organizations to create a strategic plan for the compensation of the workforce. The models that they create need to attract the best possible talent for their clients to win their business. Sullivan Cotter creates comprehensive guides that survey over 200,000 medical professionals throughout the United States. This helps them get a better sense of their desired and current compensation packages. They also surveyed over 700 hospitals for their data.

Sullivan Cotter is much like MGMA, but their purpose is different. Sullivan Cotter is both a management and recruitment firm. This means that it is in their best interest to get the best person hired. Doximity provides a more widespread approach throughout many different specialties. Both Doximity and Sullivan Cotter provide transparent low, median, and high ranges for all metrics.

Doximity vs Merritt Hawkins

Much like Sullivan Cotter, Merritt Hawkins is a recruitment and management consulting firm in the United States. They provide the necessary data for their associates, as well as their clients to better formulate their compensation packages and to get the best person for the job. Merritt Hawkins employs only the best professionals, and its team members are well-respected and known experts within the healthcare industry. Third parties, hospitals, and job seekers all use their services to connect.

Merritt Hawkins collects and analyzes survey results, and disseminates that information to medical professionals. This includes COVID-19 data, Inpatient/Outpatient revenue, and resident practice preferences. Doximity and Merritt Hawkins are both similar in the fact that they have transparency around their data and their credibility as compensation providers. However, their business models and approaches are entirely different. Using both Doximity and survey data can help to put everything into perspective, and it is encouraged to view 2-3 different types of sources to make an informed decision.

Read about more Compensation Providers:
Comparably  |  Salary.com |  Comparably  |  ZipRecruiter  |  Doximity  |  Payscale  |  AMGA  |  Top Reports of 2020

Why Compensation Providers are Necessary

Information is powerful, especially when looking to make the next leap into your new job or career. Physicians and medical professionals alike need to stay abreast of their current situation. They should consistently compare themselves to their colleagues to know whether their profession, area, or specialty is adequately compensating them, much beyond the salary. Compensation providers also beg other questions, such as preparation for the future, relocation assistance, and financial planning. Physicians Thrive has compiled a comprehensive guide on compensation that is free to access. This analysis saves the time and money necessary for doing this in your limited free time.

If you feel that your employer is not adequately compensating you, you may not be alone. Contract review experts at Physicians Thrive are able to quickly get a sense of your current standing within your particular field to ensure you are receiving the proper compensation necessary. Most physicians do a great job in their field, but this leaves little time for negotiation. The legal and financial team at Physicians Thrive has helped over 20,000 physicians throughout the nation achieve secure peace of mind in their current and future career trajectories.

Contact us to learn more about your options, and how your goals can be met in a much more streamlined manner.

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