If they had it to do all over again, roughly three out of four say they would choose medicine for their career. Most orthopedic surgeons like their jobsĭespite any frustration surrounding pay, orthopedic surgeons are generally happy with their choice of profession. ![]() What’s notable here, though, is that among those orthopedic surgeons who did see it go down, a minority of them noted Covid-19 as the reason, which continues the trend from last year. As with any specialty, some saw it go down. Of course, not all orthopedic surgeons saw their income go up in 2022. If 49% of orthopedic surgeons feel their compensation is something less than fair, a similar percentage of them (at least 40%) seek to augment that compensation by taking on extra work - in the form of extra shifts, short-term locum tenens assignments, or even work opportunities outside of medicine. ![]() They know what reimbursements are, but the organization takes a large part.” A medical recruiter interviewed for the report gives the following insight that might explain the discrepancy: “Often physicians with a high salary are part of a large organization, so there’s probably some heartburn. ![]() It might seem strange that specialties who are paid less than orthopedic surgeons would feel more satisfied with their pay. Medscape found that the average bonus for orthopedic surgeons is considerably higher than it is for other doctors - but it also means their salary may decrease considerably if they fail to qualify for it.īonus or not, just under 50% of orthopedic surgeons feel they are fairly compensated for their full-time work as surgeons - a statistic that puts them in the bottom half of physicians who state they’re satisfied with their pay. This is a sum orthopedic surgeons must earn by performing a certain number of procedures or treating a specific number of patients. Many orthopedic surgeons rely on bonuses and side gigsĪccording to Medscape’s numbers, a significant portion of orthopedic surgeons’ income - $134,000 on average - comes from their incentive bonuses. Whether or not this was true for orthopedic surgeons wasn’t specified, but it may play into overall compensation trends among physicians. The report found that cuts in Medicare and stagnant reimbursement rates were the reason many physicians’ salaries didn’t increase much in the past year. At least six specialty groups saw double-digit increases, and psychiatrists and plastic surgeons (with their eight and seven percent increases, respectively) weren’t far behind them. In the 12 months since then, that number has risen to an average of $573,000.ĭespite the high ranking for compensation overall, the three percent year-over-year increase is on the low side for physicians in general. The 2022 Medscape compensation report found that the average orthopedic surgeon’s salary was $557,000. Average orthopedic surgeon salary increased ![]() Here’s what you need to know about orthopedic surgeon salary trends in 2023. The report also analyzed data related to pay, day-to-day activities, and overall job satisfaction. Medscape’s 2023 Orthopedist Compensation Report is out, and orthopedic surgeons are again at the top of the list - second only to plastic surgeons regarding average compensation by specialty.
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