Although 45% of gynecologists and gynecologists reported some decrease in compensation during the pandemic, in 2020 they earned more income than in 2019, according to the Medscape Ob / Gyn 2021 Compensation Report.
The report, which surveyed about 18,000 doctors in more than 29 specialties, found that gynecologists ’income level was $ 312,000 in 2020 compared to $ 308,000 in 2019.
Despite the $ 4,000 increase, they were still in the bottom half compared to other specialties. The highest paid specialties were public health and preventive medicine ($ 237,000), family medicine ($ 236,000) and pediatrics ($ 221,000), and the specialties that earned the most were plastic surgery ($ 526,000). , orthopedics ($ 511,000) and cardiology ($ 459,000).
Optimistic about financial return
Most gynecologists who experienced loss of income cited loss of employment, reduced hours, and lower patient volume due to the COVID-19 pandemic as reasons for their pay decline.
The average incentive bonus for the specialty, which is generally based on productivity and can be related to patient satisfaction and clinical processes, was $ 48,000 and accounted for approximately 14% of total salary.
Of the gynecologists who reported financial losses during the pandemic, 41% expect their income to return to normal this year. However, 45% believe it will take 2 to 3 years to recover from the financial effect of the pandemic. Approximately 11% believe they will never return to their pre-COVID-19 income.
Working similar hours, seeing fewer patients
The survey also showed that gynecologists have returned to work the same number of hours they did pre-pandemic. Currently, gynecologists work an average of 54 hours a week compared to the 56 hours a week they worked before the pandemic. However, they only see 76 patients per week compared to 81 patients per week before the pandemic.
Gynecologists reported devoting 15.1 hours per week to medical work outside of patient visits, including paperwork, EHR documentation, administrative and administrative work, and clinical reading. The time required was slightly longer than last year (14.3 hours per week).
Similar to last year’s report, 55% of gynecologists said they were fairly compensated. About 34% of them said that the most rewarding part of their job is the relationships they maintain with their patients, followed by helping others (23%) and being good at what they do (22%). . Only 11% said money was the most rewarding part of their job.
The pandemic has posed many challenges for physicians, including financial difficulties and the potential for exposure to SARS-CoV-2. However, when asked about the most difficult part of their work, only 4% of gynecologists said the danger or risk associated with treating patients with COVID-19 was the most difficult aspect of their work. By contrast, 21% of gynecologists have said they work long hours and have so many rules and regulations that slow down their daily work.
Despite the challenges associated with the pandemic, 74% of gynecologists said they would choose medicine again and work in the same specialty.
Jaleesa Baulkman is a writer and editor of Medscape. You can contact her at [email protected]