According to a new report from Merritt Hawkins, Invasive cardiologists topped the salary chart in medicine, with earnings of $648000 on an average in their first year of practice.
Other top specialities in the earning rankings are Urologists’ ($464,000), Gastroenterologists’ ($495,000), Orthopedic surgeons’ ($536,000) and noninvasive cardiologists at $441,000 per year.
July’s report marks Merritt Hawkins’ 26th annual review of physician recruiting incentives in the healthcare industry, conducted on behalf of major clients like The Physicians Foundation, Society for Vascular Surgery, American Academy of Surgical Administrators and certain subcommittees of Congress. The consulting firm based its 2019 report on a sample of 3,131 permanent physician and advanced practitioner search assignments conducted between April 2018 and March 2019.
According to the report, Family physicians- with an average starting salary of $239,000—topped the list of most in-demand physicians, while cardiologists came at a distant 11th spot.
“While demand remains strong for primary care physicians, specialists are increasingly needed to care for an older and sicker population,” Travis Singleton, executive vice president of Merritt Hawkins, said in a statement. “In some medical specialties, shortages are emerging that will pose a serious challenge to public health.
“The shortage of medical specialists flies under the radar, but it is a serious public health concern that deserves more attention.”
Psychiatrists were second on the list of Merritt Hawkins’ most-requested recruiting assignments for the fourth consecutive year, highlighting a “severe” shortage of mental health professionals.
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