Average Salary of Radiologists Ranks 10th among All Specialties As Physician Compensation Holds Steady

Radiology consistently ranks among the top-grossing medical specialties, despite this pandemic-stricken year. The year has seen an increasing volume of imaging, as per new data.

Doximity, a physician member network, surged approximately 44,000 American doctors between 2019 as well as 2020, for the fourth yearly Physician Compensation Report.

Overall, radiology ranked the highest consistent grosser that recorded a yearly average annual compensation worth $485,460, ranking this field of healthcare as the 10th highest income medical specialty. The annual survey of this group of 2019 analyzed data from previous years of 2018 and 2019, to show that the compensation average was $429,000.

The coronavirus pandemic has brought the healthcare system to the center stage. On average, doctor’s pay remained comparatively flat, only increasing by up to 1.5% as per the annual figures, when compared to 4% in the past years.

The authors of the study noted, “This happens to be a striking indication considering that healthcare prices remain one of the fastest-growing components of the annual consumer price index. So, when the price of healthcare for patients rises faster, these sudden price changes don’t even translate into the increased compensation for healthcare professionals.”

Annual compensation of radiology fell behind gastroenterology, which stands at $485,817, and surpassed urology at $472,941. The eight-position is radiation oncology at $516,016 annually.

According to the iteration of the report of 2018, radiology was considered to have the fourth-highest gap of wage between males and females. While men earned $442,000 on average, women earned approximately $349,000, which is a marginal gap of 21%. However, imaging was not listed either at the top of the bottom 5 in the published data. The data was released on October 29, 2020.

The top five healthcare specialties earning the maximum annual compensation in the pandemic-stricken year of 2020 include:

  1. Neurosurgery was the highest grosser at $746,544
  2. Thoracic Surgery ranked second at $668,350
  3. Orthopedic Surgery stands third at $605, 330
  4. Plastic Surgery ranked fourth at $539, 208
  5. Oral & Maxillofacial Surgery stands fifth at $538, 590

Noted below are the five medical specialties with the lowermost annual compensation:

  1. Preventative Medicine at $234, 587
  2. Pediatrics at $243,253
  3. Medical Genetics at $252,930
  4. Endocrinology at $259, 748
  5. Family Medicine at $261, 536

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