What’s the best way to get accurate physician salary reports?

We have found salary.com and US Bureau of Labor Statistics (BLS) are the most accurate! We think this is closest to the current market salaries.

 

Obtaining accurate physician salary reports requires accessing reliable and up-to-date sources of information. Here are some recommended approaches to gather accurate physician salary data:

 

1. Government Databases: Government agencies, such as the Bureau of Labor Statistics (BLS) in the United States, provide occupational employment and wage data that includes physician salaries. The BLS Occupational Employment Statistics (OES) program and its Occupational Outlook Handbook can offer insights into average salaries, employment trends, and other relevant information.
2. Online Physician Salary Resources: There are online platforms and resources dedicated to providing salary information for physicians. Websites like Salary.com, Payscale, Doximity, and Glassdoor may offer salary estimates and user-reported data, although it’s important to be cautious with self-reported figures and verify them with other sources.
3. Professional Networking: Engaging with colleagues, mentors, and professional networks can provide valuable insights into physician salaries. Connecting with experienced physicians in your specialty or utilizing online physician forums and communities can help gather anecdotal information and real-world perspectives on compensation.
4. Professional Medical Associations: National and specialty-specific medical associations often conduct salary surveys and provide salary data for their members. Examples include the American Medical Association (AMA), American Academy of Family Physicians (AAFP), American College of Physicians (ACP), and specialty-specific associations. Membership with these organizations may provide access to their salary reports or surveys.
5. Healthcare Industry Surveys: Various organizations and institutions, such as healthcare consulting firms and compensation research firms, conduct comprehensive surveys on physician compensation. Examples include Medscape, MGMA (Medical Group Management Association), and AMGA (American Medical Group Association). These surveys often provide detailed salary information based on specialty, geographic location, experience level, and other factors.

 

When utilizing salary reports, it’s crucial to consider factors such as geographic location, years of experience, practice setting (private practice, academic, employed), subspecialty, and other relevant variables that may affect physician compensation. It’s also important to note that salary ranges can fluctuate over time due to market dynamics, healthcare policy changes, and other factors, so periodically updating your salary research is advisable.

To ensure accuracy, it is recommended to consult multiple reputable sources and consider the specific context and factors that may impact physician salaries in your area and specialty.

Thanks!