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Emergency medicine physician salaries 2021: COVID’s impact on compensation

Emergency drugs doctor salaries decreased by 1% on common in 2020, in accordance with Medscape’s EM Doctor Compensation Report 2021. This can be a change from previous years, the place wage will increase have been reported in 2018, 2019, and 2020. The emergency drugs wage lower is basically because of COVID-19; 89% of emergency drugs physicians surveyed mentioned the pandemic affected affected person quantity and their work hours.

How emergency drugs doctor salaries evaluate

Emergency drugs physicians earned an annual common wage of $354,000 in 2020, down barely from $357,000 in 2019. That is in the course of the pack in comparison with different doctor specialties, with plastic surgeons being the highest-paid at $526,000, adopted by orthopedists at $511,000 and cardiologists at a mean of $459,000.

The bottom-paid specialties embrace pediatrics ($221,000), household drugs ($236,000), and public well being and preventive drugs ($237,000). Whereas public well being and preventive drugs noticed a 2% enhance from 2019 to 2020, household drugs salaries remained the identical, and pediatrics noticed a 5% lower.

Emergency drugs medical doctors who earned an incentive bonus reported a mean of $44,000 in 2020, which falls on the decrease finish of the doctor pay scale. Orthopedists earned the most important incentive bonus ($116,000 on common), whereas psychiatrists earned the smallest ($24,000 on common).

Chart showing EM physicians' avg. incentive bonus

COVID-19’s impact on wage and hours in 2020

About 22% of all physicians Medscape surveyed mentioned they noticed a discount in hours because of COVID-19, and 15% didn’t obtain their annual increase. 13 % obtained no wage for a short lived interval, about three months on common. Nonetheless, 45% of physicians surveyed mentioned their funds and practices weren’t negatively affected by the pandemic.

Of the 22% of physicians who noticed a discount in hours, 65% of specialists mentioned their hours had been restored and 32% mentioned pay had been restored. About 25% of emergency drugs physicians whose pay decreased through the pandemic mentioned they anticipated it to return to pre-COVID ranges throughout the subsequent yr, whereas 42% anticipated it will take two to a few years; 24% predicted their compensation won’t ever return to their pre-COVID earnings degree.

Chart showing opinions of when EM physicians compensation will return to pre-COVID levels

Male EM physicians earned greater than feminine EM physicians in 2020

Male EM physicians earned about 19% greater than their feminine counterparts in 2020, a mean of $370,000 for males in comparison with $311,000 for girls.

Chart comparing EM physician compensation by gender

Revenue disparities are prevalent amongst all doctor specialties, particularly in these which might be male dominated. Solely about 26% of emergency drugs physicians are girls, which is low in comparison with specialties like pediatrics (61%), OB/GYN and girls’s well being (59%), and diabetes and endocrinology (50%). Total, fewer girls work within the highest-paid specialties with simply 9% in orthopedics, 11% in urology, and 14% in cardiology.

Self-employed physicians earn the next wage

In 2020, self-employed physicians earned a mean annual wage of $352,000, about 17% greater than employed physicians, who earned $300,000 on common throughout all specialties.

Chart comparing employed to self-employed physician compensation

Whereas Medscape notes that the share of self-employed physicians is constant to say no, self-employment, together with locum tenens work, usually permits physicians to carry dwelling a bigger paycheck whereas working fewer hours.

Administrative burden for emergency drugs is under common

Many medical doctors additionally tout locum tenens due to the lighter administrative burden related to short-term work. Total, emergency drugs medical doctors reported spending a mean of 13.4 hours every week on paperwork and administration in 2020. This quantity is on the decrease finish of the dimensions in comparison with different specialties — infectious illness specialists averaged 24.2 hours every week on paperwork, whereas these in preventive drugs spent practically 21 hours every week on these duties. On the decrease finish, anesthesiologists and ophthalmologists spent the least time on paperwork, about 10.1 and 10.3 hours weekly respectively.

Chart comparing administrative burden in different physician specialties

Emergency drugs compensation poised for progress

Regardless of the slight wage lower and challenges because of the COVID-19 pandemic, 62% of emergency drugs physicians surveyed say they really feel pretty compensated, and 79% say they’d select the identical specialty once more.

Chart showing how fairly compensated physicians feel

Though the long-term impacts of the COVID pandemic are unsure, one factor is obvious — when the pandemic eases and sufferers really feel safer returning to emergency rooms for care, emergency drugs doctor compensation is poised to rebound and develop.

Desirous about studying extra about locum tenens for emergency drugs physicians? Give us a name at 954.343.3050 or view at this time’s  locum tenens EM job alternatives.

Chart photographs from Medscape.com

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