It was only a matter of time. Developers have finally come out with an easy-to-use application that lets physicians anonymously share compensation data and location. Once the information from thousands of physicians is aggregated and plotted on a map, the data can provide physicians around the world a handy resource for learning what specialties are paying how much in what cities and regions.
The new application, dubbed Career Navigator, comes to us via Doximity, a leading medical professional forum and networking organization. Doximity believes that Career Navigator represents the first deeply granular look at doctor compensation trends down to the local level.
“Healthcare is incredibly local. And pay trends in medicine are inverse that of most industries — high cost areas actually pay less,” said Jeff Tangney, CEO and founder of Doximity. “Medical school teaches the science of medicine, but not the business of medicine. Our hope is that this up-to-date, local market data helps physicians level the playing field with HR departments in evaluating their opportunities.”
The app now comprises data contributed by over 18,000 practicing physicians in all 50 states.
Key Findings
Country doctors make more
According to Career Navigator, rural physicians make $1,500 more per year in salary than urban doctors. What’s more – it’s usually less expensive to live in rural areas, so country doctors win coming and going.
Private Practice Pays
For example, internists make about 12 percent more in private practice (about $28,000), than doctors in who work for the government or in academia.
Concentrate on Shortage Specialties.
Data indicates major unmet demand for emergency medicine, occupational medicine, psychiatrists and family medicine.
In addition to physician compensation data down to the local level, Career Navigator interfaces with more than 300 hospitals and health systems to help bring doctors and employers together. Doximity members are able to easily browse current job openings to find what’s available – both in their own areas and in areas that may pay better – via the Talent Finder.
To access Career Navigator, click here, and input your anonymous salary and compensation information. Once you have done that, you will have access to the database.
The application is free to any U.S. physician.
About Doximity
Doximity is an online networking and social media site designed specifically for doctors. Currently, Doximity boasts about 400,000 members, or about half of all doctors currently practicing in the United States.
Doximity is more than just “Facebook for physicians.” Rather, Doximity also provides a way for physicians to provide confidential referrals to colleagues and to transmit confidential medical files between themselves as well. The site is HIPAA-compliant, which is a major consideration for any communication involving personally identifiable medical information.
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