Physician Salary - Primary Care Vs Specialists:
- Last year was a good one for Primary Care Physicians. Their
salary(read compensation) increased more than subspecialists for the
first time in the last 5 years.
- The median salary for Primary Care Physicians for 2004 was
161,000 and the median salary for Sub-Specialists(all sub-specialties
put together) was 298,000.
- For the year 2004, Primary Care Physicians saw an increase in
their salary (compensation) of more than 3% compared to subspecialists
whose compensation remained the same (No significant increase)
- Resident decisions on pursuing a Fellowship is partly based on
the increase in compensation yearly. The craze for Fellowship Vs.
Primary Care also changes in Cycles of 5-7 years. Does this new data
mean more number of Residents will opt for Primary Care? Only time will
tell...
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Match & Residency Data - 2004-2005 Data Analysis:
- The total number of Residents and Fellows in training for the year 2004-2005 was 101,200. 14% of these were Fellows.
- The number of US Citizen IMGs is growing every year representing
the fact that more US Citizens are going abroad for Medical School
training.
- Internal Medicine: There were 21,300 Internal Medicine residents
in training in 2005. Compared to 10 years ago, the number of US MDs
remained the same. There was a slight decrease in the number of IMGs.
- Family Medicine: There were 9,300 Family Practice residents in
training in 2005. Compared to 10 years ago, the number of US MDs
declined by 22%. There was a corresponding increase in the number of IMGs.
- Pediatrics: There were 7,800 Pediatric residents in
training in 2005. Compared to 10 years ago, the number of US MDs
increased by 5%. There was a slight decrease in the number of IMGs.
- Med-Peds: There were 1400 Med-Peds residents in
training in 2005. Compared to 10 years ago, the number of US MDs and IMGs remained the same.
- OB-GYN: There were 4700 OBGYN residents in
training in 2005. Compared to 10 years ago, the number of US MDs
increased by 16%. There was a corresponding decrease in the number of IMGs.
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