Some cities have greater demand for physicians, but that doesn’t mean that they are the best cities for doctors seeking a pay raise, according to a Medical Economics article on the 2017 labor market.
The labor market study, commissioned by Doximity, found doctors’ paychecks in San Francisco rose by 16 percent in 2017, more than three times the national average. Physicians in Indianapolis reported compensation growth of 14 percent while those in Los Angeles got 13 percent raises. The analysis was drawn from self-reported surveys of about 40,000 full-time physicians.
Rounding out the Top 10 are: Philadelphia (11 percent); Milwaukee (10 percent); New York, Minneapolis and Pittsburgh (8 percent); and Seattle and Boston (7 percent).
Physician compensation grew by 5.1 percent nationally from 2016 to 2017, according to the Doximity report. Doximity is an online social network for physicians.
The report also analyzed what medical specialties are most in demand, with geriatrics the resounding winner at 164% job growth.
MEDICAL SPECIALTIES MOST IN DEMAND
|
Medical Specialty |
Job Growth |
|
1. Geriatrics |
164% |
|
2. Urology |
49% |
|
3. Oncology |
45% |
|
4. Hematology |
39% |
|
5. OB-GYN |
31% |
|
6. Gastroenterology |
27% |
|
7. Occupational Med |
26% |
|
8. Endocrinology |
25% |
|
9. Neurosurgery |
25% |
|
10. Cardiology |
23% |
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