How much money does a family doctor earn?
According to the Medical Group Management Association (MGMA), the median compensation for family physicians in the United States was $203,000 in 2021. This figure includes base salary, bonuses, and other incentives.
The MGMA also reports that the compensation for family physicians can vary significantly depending on several factors, including:
* Geographic location: Family physicians in rural areas typically earn less than those in urban areas.
* Years of experience: Family physicians with more experience typically earn more than those with less experience.
* Practice setting: Family physicians who work in private practice typically earn more than those who work in hospital-based or other settings.
* Patient mix: Family physicians who see a higher proportion of Medicaid patients typically earn less than those who see a higher proportion of private insurance patients.
In addition to salary, family physicians may also receive other benefits, such as health insurance, retirement plans, and continuing medical education opportunities.
It is important to note that these figures are averages, and the actual compensation for a family physician may vary significantly from these numbers.