Gastroenterologists, dermatologists top list of richest physicians

Twenty percent of gastroenterologists and 19 percent of dermatologists report a net worth of more than $5 million, according to Medscape‘s 2019 Physician Wealth and Debt Report.

Advertisement

The report is based on data from the Medscape physician compensation survey, which provides survey responses from about 20,000 practicing U.S. physicians in more than 29 specialties.   

As part of the survey, physicians reported their net worth. This was defined as total assets (for example, money in bank accounts, investments, retirement accounts, equity in one’s home, value of cars, value of jewelry) minus total liabilities (such as, mortgage, car loans, credit card debt, school loans, home equity loans). 

Below is a list of specialties and the share of physicians in those specialties with a net worth of more than $5 million.

  • Gastroenterology: 20 percent
  • Dermatology: 19 percent
  • Plastic surgery: 18 percent
  • Orthopedics: 18 percent
  • Ophthalmology: 17 percent 
  • Radiology: 16 percent
  • Urology: 14 percent
  • Cardiology: 13 percent
  • Oncology: 11 percent
  • Allergy and immunology: 10 percent
  • Nephrology: 10 percent
  • Anesthesiology: 10 percent
  • Otolaryngology: 10 percent
  • Pathology: 10 percent
  • General surgery: 8 percent
  • OB/GYN: 7 percent
  • Neurology: 6 percent
  • Pulmonary medicine: 5 percent
  • Public health and preventive medicine: 5 percent
  • Critical care: 4 percent
  • Infectious diseases: 4 percent
  • Physical medicine and rehabilitation: 4 percent
  • Rheumatology: 4 percent
  • Internal medicine: 4 percent
  • Psychiatry: 4 percent
  • Family medicine: 3 percent
  • Pediatrics: 3 percent
  • Diabetes and endocrinology: 2 percent
  • Emergency medicine: 2 percent

 

More articles on physicians and integration issues:

Viewpoint: Health systems prevent patients from following physicians to new practices
Delaware physician accused of trading drugs for sex loses medical license
Physicians quit Maine hospital as morale hits ‘all-time low’

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

When nurses help build the AI, adoption follows: Lessons from 3 health systems

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Amy McCarthy, DNP, RNC-MNN, NE-BC, CENP, Hippocratic AIBeth Reimschissel, PhD, RN, CNL, Memorial HermannAllison Schlinkert, MSN, RN, NPD-BC, Cincinnati Children'sScott Estep, MBOE, BSN, RN, CSSBB, OhioHealth System

Advertisement

Next Up in Integration & Physician Issues

Advertisement

Comments are closed.