U.S. Physician demographics
It is estimated that one of the best ways to combat aging population health needs is to increase the number of doctors practicing in the U.S. In general, the number of physicians in the U.S. has been on the rise. Every year about 20 thousand new physicians join the U.S. workforce. Despite an increase in the number of physicians the number of active physicians per 10,000 people has remained relatively stagnant in recent years. As of 2019, the specialty with the largest number of physicians was psychiatry, followed by surgery.
Physician compensation varies significantly between regions and genders. With graduates owing an average of 190,000 U.S. dollars in student loans upon graduation, equal compensation has become especially important. However, women in the medical industry make significantly less income than their male counterparts. As of 2019, female physicians earned between 51 and 92 thousand U.S. dollars less than male physicians. Regionally, there are also significant differences. As of 2018, physicians working in the North Central U.S. had higher annual compensation than those in other areas. Those working in the Northeast had the lowest annual compensation.