Brian Klepper
This table was published in Practice Link, a physician recruiting magazine, and I calculated the relative value of the offers by specialty, by low, medium and high, and then sorted for the medium. See below for how they turned out.
At current medium offer rates – without considering benefits or production bonuses, the average family doc can expect to earn around $10 million less than an invasive cardiologist or an orthopedic surgeon over the course of a 30 year career.
Hi Brian,
I’m preparing an article to cross-post to your site but I was wondering if you could explain what relative value is and how you determined it in order to re-sort the data.
Thanks,
Thuc
Thuc,
Relative valute is a simple calculation that compares the value between different commodities. In the case of physician incomes, I set the lowest paid specialty – in this case Family Medicine – to 1.00, and then calculated how much higher each other specialty was.
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