Thursday, April 28, 2011

Most Cardiologists earn over $300,000 - but think they are underpaid

Remember these numbers the next time you read about why we have to limit medical malpractice claims.

New York, NY - Cardiologists—especially males—are among some of the highest-paid physicians in the US, but most believe they are inadequately reimbursed for what they do.Those numbers come from a 2011 Physician Compensation Report, based on a survey of over 15 000 US physicians conducted earlier this year and compiled by Medscape [1].According to survey respondents, cardiologists were among the third-highest-paid physicians in 2010, after orthopedic surgeons and radiologists, with 60% of cardiologists reporting that they made more than $300 000 and 20% saying they earned more than $500 000. Those earnings include salary, bonus, and profit-sharing earnings, but not any non-patient-related earnings, such as payments from consulting/speaking engagements or expert-witness services.By comparison, pediatricians, the lowest paid, earned a median income of $148 000 in 2010, slightly lower than primary-care physicians, at $159 000.Female cardiologists earn markedly lower salaries, on average, than their male counterparts—a median of $249 000, compared with $340 000. The gender gap appears to be related to women prioritizing more flexible schedules over salaries, to "allow for more family time," the survey results say. Of note, 80% of physicians who responded to the survey were male.
Compensation survey reveals numbers, disparities | theheart.org

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