October 16, 2024

The physician networking, communications, and staffing company Doximity has released its 2024 Physician Compensation Report.

According to Doximity, “Doximity found that after several years of modest or declining growth, the average pay for doctors increased nearly 6% in 2023, rebounding from a decline of 2.4% in 2022.”

The report noted that “In 2023, the gender pay gap for physicians decreased to 23%, marking a slight improvement from the 26% reported in 2022. Despite this progress, the pay gap remains significant, with women physicians earning nearly $102,000 less than men physicians, on average, after controlling for specialty, location, and years of experience.”

Doximity’s Physician Compensation Report also looked at workload and physician burnout. According to the report:

“Consistent with prior years’ findings, feelings of overwork continue to be more prevalent in women physicians. Among women physicians surveyed, 89% reported they are overworked, compared with 77% of men physicians, 82% of women NPs and PAs, and 78% of men NPs and PAs. Women physicians are also more likely to report exploring a career change, with 70% considering early retirement, another career, or another employer, compared to 55% of men physicians.

“Overwork also appears to be more prevalent in younger physicians, with 89% of physicians age 29 and under reporting they feel overworked. Physicians 29 and under are likely trainees, who are often tasked with the longest hours for the least pay. Many of these physicians also started their training or attending careers at the peak of the pandemic, which likely contributed to their overall stress and workload. ⁵ As a result, 55% of physicians in this age group are already considering early retirement or looking at other career options.”

World Health Systems Facts is a project of the Real Reporting Foundation. We provide reliable statistics and other data from authoritative sources regarding health systems and policies in the US and sixteen other OECD member nations.

Page last updated October 16, 2024 by Doug McVay, Editor.