In a number of U.S. cities, physicians are among the highest-paid jobs across all industries. But regardless of specialty, their pay differs drastically from one city to another, according to a recent series of analyses from Zippia.
Compensation Issues
The average weekly travel nurse pay in September in the U.S. was $2,383, a decrease of 0.2 percent from the previous month and a 9 percent decrease from the same month in 2022, according to a report from Vivian Health,…
Cooperstown, N.Y.-based Bassett Healthcare Network is offering enhanced sign-on bonuses for a number of open positions within its network, including up to $35,000 for registered nurses.
Workers anticipating merit raises equal to their last may be disappointed in the year ahead as companies look to scale back after years of increases throughout the pandemic, Bloomberg reports.
Many final-year residents have said they are both underpaid and underappreciated for the sheer volume of work they are expected to do within what some termed a "brutal" healthcare system.
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Job offers for final-year residents may be widely present, but burnout is a problem. A lack of business preparedness and gender differences on pay expectations are also significant issues.
Prospect Medical's Waterbury (Conn.) Hospital and Eastern Connecticut Health Network in Manchester have struggled to pay physicians amid financial difficulties and a cyberattack in August that crippled their computer systems and disrupted operations, according to the CT Mirror.
Several reports have come out in recent months highlighting physician compensation trends. While data periods, criteria and samples differed over such reports, some trends emerged that showed consistent data, including a strong correlation between compensation increases in certain specialties.
Median sign-on bonuses in 2023 varied across physician specialties, according to Sullivan Cotter's 2022-23 Physician Compensation and Productivity Report.
Hematology and oncology physicians saw the largest median compensation increases in 2024, according to SullivanCotter's 2023-24 Physician Compensation and Productivity Report.