Tag: Doximity

Radiologist Pay Jumps Nearly 8% in New Survey

Posted on by Brian Casey

Radiologist pay jumped nearly 8% in 2024 in the latest salary survey from Doximity. That’s the good news. The bad news is that radiology actually slipped a couple notches compared to other highly paid medical specialties.

In its latest survey, Doximity found that radiologists had an average annual salary of $572k in 2024. 

  • That’s up 7.5% compared to $532k in last year’s edition of the survey, giving radiologists the fourth-largest salary increase among medical specialties. 

Radiology’s salary growth accelerated in 2024 compared to 2023, when radiology pay grew 5.6%. 

  • And the growth rate is up sharply compared to 2022, when rad salaries grew only 1.6% in a year when many doctors saw salary declines.

Diagnostic radiology occupied the 11th spot on Doximity’s list of highest-compensated specialties in 2024, slipping a couple positions compared to the 9th spot in last year’s survey. 

  • Moving ahead of radiology were pediatric (general) surgery and interventional radiology, two new physician categories added with this year’s survey.

Overall, the Doximity report found that physician compensation growth slowed last year compared to 2023 (3.7% vs. 5.9%), and the report also noted several other broad healthcare trends…

  • The gender gap for doctor compensation worsened in 2024, with men now making 26% more than women compared to 23% more in 2023.
  • Medicare and Medicaid reimbursement cuts are weighing heavily on physicians, with nearly one-third of doctors saying they have already (17%) or plan to in the future (13%) reduce how many of these patients they see. 
  • And the vast majority agreed (33%) or strongly agreed (48%) that current reimbursement policy is contributing to the decline of private-practice medicine. 
  • Burnout levels appear to be easing from the peak a few years ago, with fewer doctors saying they feel overworked (62% vs. 67%) and fewer saying they are thinking about leaving clinical practice (39% vs. 50%).

The Takeaway

Industry observers can complain about how AI and private equity are ruining radiology (see our title quote above), but the fact is that radiologists are still enjoying salary levels and compensation growth rates near the top of medicine. It’s not a bad price to pay.

Radiology Bucks Doctor Salary Decline

Posted on by Brian Casey

The latest news on physician salaries is out, and it’s not pretty. A new Doximity survey found that average physician pay declined 2.4% last year, compared to an increase of 3.8% in 2021. The drop was exacerbated by high inflation rates that took a bite out of physician salaries. 

The Doximity report paints a picture of physicians beset by rising burnout, shortages, and a persistent gender pay gap. Doctors across multiple specialties report feeling more stressed even as wage growth has stalled.

To compile the 2022 data, Doximity got responses from 31,000 US physicians. There was a wide range of average annual compensation across medical specialties, with radiology landing at number 10 on the top 20 list, while nuclear medicine occupied the 20th spot:

  • Radiation oncology: $547k vs. $544k in 2021
  • Radiology: $504k vs. $495k 
  • Nuclear medicine: $392k vs. $399k

In other findings of the report:

  • Male physicians made $110,000 more than women doctors. At a gap of 26%, this is actually an improvement compared to 28% in 2021.
  • Men physicians over their career make over $2 million more than women.
  • Nuclear medicine had the smallest pay gap ($394k vs. $382k)
  • The pay gap could contribute to higher burnout rates, with 92% of women reporting overwork compared to 83% of men. 
  • Two-thirds of physicians are considering an employment change due to overwork. 

Ironically, Doximity cited results of a recent survey in which 71% of physicians said they would accept lower compensation for better work-life balance. 

The Takeaway

The news about salaries could be a gut punch to many physicians, who are already dealing with epidemic levels of burnout. Radiology salaries bucked the trend by rising 1.6%, which could explain its popularity among medical students over the last three years. 

The question remains, is the money worth it? Rising imaging volumes have been tied to burnout in radiology, and the Doximity report indicates that some physicians are willing to forgo money for better quality of life.

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