How much do Doctors earn?

How much money doctors make

There are some surprising and not so surprising statistics on the money that a Doctor earns compared to other occupations. The disparity between male and female practitioners is interesting to note. Clearly there are exceptions to the rule. We need to keep in mind that Doctors commit to a lot of training throughout their careers. There can be significant associated risks for not getting it right. High professional indemnity insurance, increasing complexity and regulation and high practice costs are all significant factors to consider.

Clearly with exploding healthcare costs, some are asking who are really doing well out of healthcare and is it fair? So we thought this might be of interest.

There are some surprising and not so surprising statistics on the money that a Doctor makes. Clearly there are exceptions to the rule. We need to keep in mind that Doctors commit to a lot of training throughout their careers. There can be significant associated risks for not getting it right. High professional indemnity insurance, increasing complexity and regulation and high practice costs are all significant factors to consider.

The following articles may be of interest.

Who earns the big bucks in medicine  

Specialists bleeding hearts or profiteers?

GPs scrape into top-50 earners list   

Before you get too excited about how well your doctor is doing, there are headwinds: see

Harsh reality: GPs face a future of doing more with less

GPs in particular have to start working smarter and not just harder in order to maintain both their incomes and a quality practice. If GPs ignore their practice, then the recruitment and retention of practitioners will become increasingly problematic. For more information on succession planning and its importance for your practice see https://thebusinessofhealthcare.com.au/2015/10/06/succession-planning-will-practice-manager-co-ownership-save-healthcare-practices/

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