Thirty-four percent of physicians earned income from an employment source outside their practice in 2022, according to Medical Economics' 94th Physician Report released Aug. 4.
The average amount of secondary income varied; internal medicine specialists reported the highest secondary income at $54,000 while physicians specializing in OB-GYN reported the lowest at $36,000.
Medical Economics collected data from its physician audience on salaries, productivity, malpractice rates and the state of the profession. Data cover 2022, and were collected from physicians who responded to email invitations during the first and second quarter of 2023.
Here are the 10 top sources of secondary income for physicians:
1. Consulting
2. Teaching
3, Clinic work
4. Speaking
5. Expert witness
6. Market research
7. Hospital (not emergency department)
8. Medical administrator
9. Nursing home
10. Clinical trials/research