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Compensation Data for Physicians to Use In Contract Negotiations

(Salary databases, on call compensation, locums pay & more)

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We are big believers in salary transparency. Having access to physician compensation data helps doctors better understand their worth and negotiate fair contracts. It is also an opportunity to combat physician burnout and the trend towards doctors leaving medicine because physicians feel under-appreciated or taken advantage of, or that their compensation just isn't 'worth it' anymore. Our salary and compensation databases are some of our favorite member resources, and questions about how much other doctors in their specialties are making or if a proposed pay rate sounds reasonable are commonly asked within our physician Facebook groups.

 

While there are several popular large physician salary databases utilized by hospital systems and other employers, many of them require buying expensive datasets or are difficult to access. Additionally, these compensation databases are rather generic, and don't allow doctors to compare salary and overall compensation with jobs that look like theirs. As we know, physician contracts vary according to practice environment (academic, private practice, hospital employed, governmental, etc.), payer mix, number of FTEs worked, and location and job market, amongst other factors. Our databases go into not just overall compensation, but details of employer type, call schedules, bonus structures, hours worked, what a typical day looks like, bonus structures, partnership offers, benefits, RVUs and wRVUs, and more, as well as include physician to physician advice about contract negotiations. 

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We help to bridge this gap in access and uncertainty and to offer more transparency. Whether you are a graduating resident looking to understanding starting pay expectations for your specialty or a seasoned attending looking for a career change, our compensation and salary data list specific details of each job so you can make a more fair comparison and think about what an ideal contract looks like for you. They are free for our physician members to browse.

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We've also compiled additional resources to help doctors better negotiate when considering a new job. We are strong believers in physicians advocating for the best possible contracts for themselves, avoiding red flags, and setting clear and fair expectations for specific scenarios such as noncompetes, tail insurance, job duties, and more. This can help foster better relationships for both employees and employers in the long run, as well as help prevent situational burnout or employment issues down the road.

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Looking for a resource we don't offer yet? Contact us to let us know!

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Disclosure/Disclaimer: This page contains information about our sponsors and/or affiliate links, which support us monetarily at no cost to you. These should be viewed as introductions rather than formal recommendations. Our content is for generalized educational purposes.  While we try to ensure it is accurate and updated, we cannot guarantee it. We are not formal financial, legal, or tax professionals and do not provide individualized advice specific to your situation. You should consult these as appropriate and/or do your own due diligence before making decisions based on this page. To learn more, visit our disclaimers and disclosures.

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