Psychiatric Compensation Survey 2011

November 2, 2011

Find out how your compensation, bonuses, and benefits compare to that of your peers. Do you work more hours than others or less? Based on unique research by Psychiatric Times.

Health reform is supposed to emphasize healthcare quality when it comes to physician income, as a counterweight against patient volume. But while physicians wait for that concept to manifest in actual payment-model changes, volume continues to be a crucial factor in your compensation, as it is the most logical reaction to decreasing reimbursement and increasing overhead. Within these slides find data on how physicians are faring right now, culled from our survey of more than 1,700 doctors in every specialty. Once you’ve seen the data, don’t forget to check out our article for further guidance on how to cope with shifting reimbursement while maintaining your own income in the meantime.

Psychiatrists' salaries remained about the same in 2011 as in 2010.

Nearly as many psychiatrists consider their income disappointing as consider their income about right.

Overhead in many psychiatry practices eats up 20 to 30 percent of medical revenue.

The recession has had an uneven impact on psychiatrists. Some have seen a loss of income, others have seen revenue hold steady.

Half of all psychiatrists work more than 40 hours a week.