4 oncologist compensation trends

Oncologists earn $377,000 on average per year, ranking 11th among medical specialties in the U.S., according to a Medscape report.

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The report includes responses from 17,461 physicians in more than 30 specialties. Responses were gathered between Oct. 4, 2019, and Feb. 10. 

Four things to know about pay for oncologists:

1. Male oncologists earn more than their female counterparts, earning $392,000 per year on average, compared to $335,000 for women. 

2. About 67 percent of oncologists said they feel that they are fairly compensated.

3. Eighty percent of oncologists work with insurers. 

4. Thirty-eight percent of oncologists report participating in the CMS Merit-based Incentive Payment System, but only 8 percent report participating in the agency’s Advanced Alternative Payment Models.

More articles on oncology: 
Enrollment in clinical trials for cancer dropped as COVID-19 cases rose, study shows
Premature cancer deaths among racial minorities cost US economy millions, study shows
Affiliates of top cancer hospitals have lower survival rates, study finds

 

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