What Would You Earn if You Became a Doctor?
Healthcare professionals are perceived as among the best-compensated working today. But within their ranks, salaries and demand can vary greatly just as in any other industry.
Medical search and consulting firm Merritt Hawkins & Associates reviewed internal data to determine the 20 most requested medical specialties between April of 2013 and March of this year. The compensation information listed here reflects starting salaries, as opposed to total annual compensation figures that might include bonuses or benefits.
“Though the healthcare system is evolving,” states the report, “and the role of other clinicians is growing, physicians remain the ‘quarterbacks’ of the healthcare delivery team and are at the center of the healthcare system. Through patient consultations, hospital admissions, treatment plans, prescriptions, tests, and procedures physicians control the levers to both quality of care and healthcare economics.”
Neurosurgeons were at the top of the list, being offered an average annual base salary of $591,000 during the search process. Urologists also followed close behind with an average annual salary of $504,000.
Orthopedic surgeons are guaranteed an average annual base salary of $488,000 while invasive cardiologists are tied with gastroenterologists at $454,000.
At the other end of the compensation spectrum are family medicine practitioners, those specializing in internal medicine, and pediatricians.
“Diagnostic and consultative medicine is less compensated and less complicated than the procedures specialist do. You’re never going to see that change,” said Travis Singleton, senior vice president of Merritt Hawkins.
Here are the best-paying jobs for doctors:
3. Orthopedic Surgery
4. Cardiology (Invasive)
(Tied with Gastroenterology)
(Tied with Cardiology – Invasive)
6. Cardiology (Non-Invasive)
10. General Surgery
Dubai's new smart neuro spinal hospital: need to know
We take a look at Dubai's new smart hospital.
What: The Neuro Spinal Hospital and Radiosurgery Centre is a new hospital featuring state-of-the-art technology for spinal, neurosurgical, neurological, orthopaedic, radiosurgery and cancer treatments. The 700 million AED hospital, (equivalent to £138 million), has 114 beds, smart patient rooms, and green spaces for patient rehabilitation, and is four times the capacity of its former premises in Jumeirah. It is also the UAE’s first hospital to have surgical robots.
Where: The hospital is located in the Dubai Science Park. Founded in 2005, Dubai Science Park is home to more than 350 companies from multinational corporations in life sciences, biotechnology and research; over 4,000 people work here each day.
Who: The UAE's Neuro Spinal Hospital and Radiosurgery Centre was first established in Jumeirah in 2002 by Dr. Abdul Karim Msaddi, as the first as the first "super-specialty" neuroscience hospital.
Why: With advanced diagnosis and robotics, the hospital will provide care across neuroscience, spine, orthopaedics and oncology for people residing in the UAE, as well as international patients.
Prof. Abdul Karim Msaddi, Chairman and Medical Director of the hospital, said: “We are proud to bring world-class healthcare services to Dubai and believe our next-generation hospital will be a game-changer for the emirate’s and the region’s medical industry.
"It will not only significantly increase the availability of specialist neuroscience and radiosurgery treatments and provide better patient care but help attract and develop local and international talent. Investing in the new centre represents our continued faith in the resilience of the region’s economy, as well as a testament to our ongoing drive towards healthcare innovation in the UAE.”