Physician pay increases have not kept up with inflation rates in recent years, with average physician compensation declining by 2.4 percent in 2022 — compared with an increase of 3.8 percent the prior year, according to Doximity’s 2023 “Physician Compensation Report.”
Considering the peak inflation rate of 9.1 percent last year, most physicians in the U.S. saw a sizable reduction in real income, while 67 percent of physicians are considering leaving their roles as overworking continues to be a challenge, Becker’s reports. Read more.