Hematology and oncology physicians saw the largest median compensation increases in 2024, according to SullivanCotter's 2023-24 Physician Compensation and Productivity Report.
The report includes data on more than 306,000 employed physicians, PhD providers and physician researchers across 915 hospitals, health systems and medical groups nationwide.
Sullivan Cotter attributes the rise in compensation primarily to increased physician productivity. The following 15 specialties saw the largest increases in median total cash compensation in 2024. Only specialties with at least 500 physician respondents are included in the report.
|
Specialty |
Median compensation in 2024 |
Median compensation % change |
wRVU median % change |
|
Hematology and oncology |
$456,632 |
9.7% |
5.4% |
|
Endocrinology and metabolism |
$285,660 |
8% |
6.1% |
|
Radiation oncology |
$550,000 |
7.5% |
5.3% |
|
Pathology – anatomic and clinical |
$424,744 |
6.7% |
7.3% |
|
Geriatrics |
$273,025 |
6.1% |
0.10% |
|
Pulmonology – general |
$375,003 |
6% |
3.8% |
|
Urology |
$530,557 |
5.9% |
3.3% |
|
Urgent care |
$328,596 |
5.8% |
8.3% |
|
Anesthesiology |
$498,973 |
5.6% |
8.5% |
|
Otolaryngology – general |
$491,654 |
5.2% |
3.6% |
|
Pediatrics – hospitalist |
$237,516 |
5.1% |
5.3% |
|
Internal medicine |
$308,288 |
4.8% |
5.7% |
|
Dermatology |
$509,587 |
4.7% |
4% |
|
Nephrology and hypertension |
$350,558 |
4.6% |
1.4% |
|
Physical medicine and rehabilitation |
$312,828 |
4.4% |
6.7% |