2006 Psychiatrist Salary and Employment Survey
 2006 Psychiatrist Salary & Employment Survey (Printable Format)
THE SALARY SURVEY
LocumTenens.com conducted its Annual Psychiatrist
Salary and Employment Survey in the early summer of
2006. Survey respondents represent psychiatrists who practice
on a locum tenens basis as well as those with permanent
salaries. This report includes compensation and
employment statistics for the field of psychiatry
including:
National annual psychiatry salary ranges
Sources for finding psychiatry jobs
Time frame for making next job change
Influencing factors for seeking a psychiatry job change
Discussion topics for psychiatry job interviews
Insights and remarks about the practice of psychiatry today
Demographics for survey respondents include:
Board status
Gender
Years in practice
Frustrations with the current psychiatry system
This survey showed that the one of the biggest frustrations with medicine, across all specialties, is that the
clinical practice of medicine is controlled by the business aspects. Respondents believe that in the current system,
health care decisions are often placed in the wrong hands. Administrators, drug companies, the government
and even patients influence too much of the care that is provided, giving the psychiatrist less control than
ever before.
Average Annual Psychiatrist Salary
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COMPARED TO LAST YEAR...
2006 AVERAGE PSYCHIATRIST SALARY: $178,000
2005 AVERAGE PSYCHIATRIST SALARY: $173,408
|
| In addition to a salary, 36% of
respondents receive a bonus or
other incentive each year. |
What frustrates you most about the practice of medicine today?
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The top three frustrations are:
#1: Administrative and business agendas interfere with clinincal decisions.
#2: Reimbursement issues.
#3: Lifestlye issue - too much time at work, not enough to enjoy life.
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Source for finding current psychiatry jobs
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| #1 Source for finding a new psychiatry job was networking/word of mouth. |
*Other sources for finding a job include: military commitment, professional society or association, locum tenens to permanent. |
Time frame for making next job change
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| 56% of respondents have plans to make a psychiatry job change within the next 3 years, more than half of which plan to do so within the next year. |
Top reason for making a psychiatry job change
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| 42% of respondents cite better work environment or better community as the top reason for making a job change. |
Worked as a locum tenens psychiatrist?
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| 92% of respondents have either worked a locum tenens psychiatry job or would consider it. |
Demographics of survey respondents
AT A GLANCE:
Survey respondents were:
69% Board Certified, 17% Board
69% Male, 31% female
61% have been practicing for more
Permanent and Locum Tenens
Years in Practice
Board Status
Gender
Aside from compensation and benefits...
During the interview process, psychiatrists are most interested in learning about the following:
Insurance vs. fee for service?
Hours, including night and weekend call, day after call off? Vacation time? Days off?
Day-to-day work environment
Number of patients seen a day, how much time is allotted for each patient?
Financial stability of group and relationship with hospital
Staff turnover rate, why did others leave the practice?
Payor mix
Community features, leisure and lifestyle -- quality of schools, affordability of housing
Case mix, volume of cases
Who makes clinical decisions?
Reputation and integrity of administrative officials
Patient demographics, community resources available for patients
Flexibility
When asked “If you had your career to do all over again, would you choose medicine?”, 77% of the respondents said that they would.
Choose medicine again?
Compared to other specialties:
When asked if they would choose medicine again, here’s
how the other specialists’ opinions compared:
| |
Yes |
No |
|
| General Surgery |
69% |
31% |
| Orthopedic Surgery |
57% |
43% |
| Radiology |
70% |
30% |
| Anesthesiology |
67% |
33% |
| Pediatrics |
70% |
30% |
| Obstetrics/Gyn |
56% |
44% |
| Internal Medicine |
70% |
30% |
If you could change one thing about the
practice of medicine, what would it be?
" I would change the method of financing healthcare
in the U.S. from the current hodgepodge to a
single payor system.”
“The way we get paid.”
“More doctors, less work hours.”
“Physicians today are constantly having to justify
the appropriate care of patients to clinically
untrained people at insurance companies.”
“Less business, more medicine.”
“I would return the decision to care for the
patient back to the physician and
not the insurance company.”
More than 14 percent of Americans lacked
health insurance in 2005
– National Center for Health Statistics
About LocumTenens.com
Founded in 1995, LocumTenens.com is a full-service physician and CRNA
recruiting firm specializing in supplemental placement of Psychiatrists,
radiologists, psychiatrists, surgeons and CRNAs (certified registered nurse
anesthetists) with U.S. hospitals, medical groups and community health centers.
LocumTenens.com is part of the Jackson Healthcare family of
companies.
In addition to full-service recruiting assistance, LocumTenens.com operates
free job boards at www.LocumTenens.com
and www.CRNAJobs.com
which currently have more than 2,000
Psychiatry opportunities posted.
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