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SAN MATEO, CA – What do these states have in common: Texas, Florida and Minnesota.
Hint: It has nothing to do with weather.
Those three states report the highest compensation for emergency medicine physicians, according to a report from Doximity, the medical professional network. Doximity, which boasts of having more than half of U.S. physicians as members, recently launched Career Navigator, which looks at physician compensation trends.
According to the company, more than 18,000 verified practicing physicians shared anonymous compensation data over the past four months. The result is an interactive map that includes compensation trends for 48 specialties to the county level; it is available free to any U.S. physician.
That’s how Doximity also can list the three states with the lowest emergency medicine compensation: Massachusetts, New York, and California. It also can pinpoint opportunities such as this one described in a press release: “For example, an anesthesiologist in Massachusetts would on average increase their salary 61% by relocating to Wisconsin.”
"Healthcare is incredibly local. And pay trends in medicine are inverse that of most industries – high cost areas actually pay less," said Jeff Tangney, CEO and founder of Doximity. "Medical school teaches the science of medicine, but not the business of medicine. Our hope is that this up-to-date, local market data helps physicians level the playing field with HR departments in evaluating their opportunities."
Emergency medicine – followed by family medicine, occupational medicine and psychiatry – was the specialty with the greatest shortages of physicians, according to Doximity.
Overall, the survey found that physicians in rural areas earn an average of $1,500 more in salary each year compared to those in urban areas, and that physicians in areas with high obesity get paid slightly more than those in areas with a healthier populace.
Furthermore, the medical professional network noted that internists working in private practice make about 12% more (around $28,000) than those working in academic or government institutions. As for specialists, when a physician comes to a city of 100,000 people, the other specialists make an average of $1,500 less per year in salary.
To view the interactive compensation map, physicians can log into www.doximity.com/careers, and contribute their anonymous salary report.