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How much does a pediatrician typically earn?

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βˆ™ 2010-05-28 20:45:37

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Depending on the area, a pediatrician's yearly salary may be anywhere from $60,000 to $400,000.

According to a website listing typical payscales in the United States, a pediatrician typically makes a salary of $99,831 to $142,323 a year. A yearly bonus may range from $1,800 to $14,610. Profit Sharing adds $3,108 to $17,687.00 a year. Commission, if one is given, ranges from $155.50 to $18,245.00 per year.

The total Pay, therefore, with the various monies earned as listed above ranges from $102,034 to $149,670 per year. These figures do not include other forms of compensation, cash value of retirement benefits, or other benefits such as healthcare premiums.

Given the highest salary of $149,670 per year, this figure works out to more than $3,740.00 per a 40-hour week. However, most physicians work much, much longer than a 40-hour week unless they share duties with other physicians in a practice.

*If* a pediatrician worked only a 40-hour week at around $3,740+ a week gross income per week, this would mean a pediatrician at the yearly pay rate of $142,323 a year would earn, roughly, about $62.50 per hour before taxes.

One important point is that, like all physicians, pediatricians who accept insurance payments or States' Medicaid payments for services rendered often do not receive even 1/10 to 3/10ths of the total billed for services. For example, if a pediatrician charged $100.00 for an exam of a new patient, with a health-wellness check, the physician may only be paid $10.00 to $30.00 for that office visit. Medicaid pays the lowest of all coverages.

In addition, almost all physicians carry a heavy student loan debt after medical school graduation. It may take the average new physician many years to pay off hundreds-of-thousands of dollars of loan debt. Office overhead, staff salaries and insurance, as well as all income taxes come out of the office income (and so, out of the physician's pocket). License fees, CEUs, and travel expenses to seminars may decrease income as well. Malpractice insurance rates have continued to climb throughout the last 10-20 years and further impacts the physician's earnings.

2010-05-28 20:45:37
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