Doximity Study Finds Physician Compensation Slowed in 2020

Research shows physician wages have grown by only 1.5% amid COVID-19 pandemic; Gender pay gap among doctors persists at 28%

SAN FRANCISCO, Calif., October 29, 2020Doximity, the professional medical network, today released its fourth annual Physician Compensation Report. The study is based on responses from 44,000 licensed U.S. doctors, making it one of the largest repository of data available on physician compensation to date.

The study shows compensation for U.S. doctors grew 1.5% on average between 2019 and 2020. When compared against the 2019 headline inflation rate of 2.3% as measured by the Consumer Price Index (CPI), physicians on average experienced a decline in real income over the calendar year.

“This year’s report shows how significantly the COVID-19 pandemic is impacting the healthcare industry,” explains Peter Alperin, MD, Vice President at Doximity. “By continuing to track this data over a multi-year timeframe, our hope is to assist key stakeholders in understanding employment trends taking shape in the healthcare system.”

In addition, the study finds the gender wage gap was 28% this year, which is an increase from last year’s
study, which found the gap to be 25.2%. Female doctors currently earn on average $116,289 less than their male counterparts. Additional key findings from the report include:

The Top Five U.S. Metros With The Highest Average Compensation:

  1. Milwaukee, WI ($430,274)
  2. Atlanta, GA ($428,244)
  3. Jacksonville, FL ($427,090)
  4. Buffalo, NY ($407,070)
  5. Orlando, FL ($406,587)

The Top Five Specialties With the Largest Increase in Annual Compensation:

  • Vascular Surgery (4.9% growth)
  • Physical Medicine/Rehab (4.7%)
  • Geriatrics (4.6%)
  • Genetics (4.4%)
  • Emergency Medicine (4.3%)

U.S. Metros Where Female Physicians Are Paid The Most:

  • Milwaukee, WI ($363,717)
  • Minneapolis, MN ($354,160)
  • Jacksonville, FL ($350,418)
  • Birmingham, AL($334,327)
  • Cincinnati, OH ($334,208)

Medical specialties with the largest wage gaps between men and women in 2020:

  • Otolaryngology (-22.1%)
  • Geriatrics (-21.4%)
  • Orthopaedic Surgery (-20.0%)
  • Research (-19.8%)
  • Obstetrics & Gynecology (-19.6%)

“Provider revenue has been greatly impacted by the COVID-19 pandemic, with reductions in medical procedures and treatments. In this environment, physician compensation grew nominally in 2020 compared to previous years,” said Christopher Whaley, Ph.D., lead author of the study and adjunct assistant professor at the University of California, Berkeley School of Public Health.

Click here to read the full report.

About Doximity

Founded in 2010, Doximity is the leading digital platform for medical professionals. The company’s network members include over 80% of U.S. physicians across all specialties and practice areas. Doximity provides its verified clinical membership with digital tools built for medicine, enabling them to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and conduct virtual patient visits. Doximity’s mission is to help doctors be more productive so they can provide better healthcare for their patients. For more information, please visit www.doximity.com.

Doximity Media Contact

Jim Rivas
pr@doximity.com