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Gender and Racial Wage Gaps Persist for Maryland's Physicians, As Per Latest MedChi Survey
MedChi's latest physician salary survey indicates that pay gaps still persist between male and female physicians in Maryland. Conducted by Berkeley Research Group’s Healthcare Transactions & Strategy practice, on behalf of MedChi, the survey tracks compensation, benefits, and practice metrics of Maryland physicians with a new emphasis on measuring transparency in compensation structures. It benchmarks compensation among Maryland physicians by gender, age, ethnicity and practice status, and also examines how Maryland physicians compensation has changed since the pandemic.
Despite overall improvements in compensation since 2021, racial and gender disparities still exist in salaries for Maryland physicians who identify as Black/African American. Gender-based compensation disparities between Maryland physicians have not changed much since 2020, when males earned 50% more than females. Today, males surveyed report earning 45% more than females on average.
“The fact that significant gender-based income disparities still persist among Maryland physicians is discouraging and something that needs to change” said Carolyn O’Conor, MD, Chair of MedChi’s Gender Pay Equity Committee. “We were hopeful we would see more of a closure of this gap, but it remains virtually the same as years prior.”
MedChi’s Gender Pay Equity Committee identified compensation transparency as a key element of pay equity and recommended that this year’s survey include questions that aimed to measure the impact. Transparency within an organization can help close gender- or race-related gaps in compensation while potentially improving employee sentiment around whether their compensation is fair and reasonable. Maryland physicians at practices with compensation transparency, particularly during the hiring process, are more often paid higher salaries.
The full survey report can be accessed in the members-only section on our website. Additionally, I encourage everyone to watch an depth review of Physician Employment Trends here, where I myself and Matt Katz, MCK Health, review the most recent, available data here.
MedChi is also pleased to share the success of last Friday's “Grand Finale at the Grand.” Guests celebrated MedChi's 225th anniversary and enjoyed an evening of food, drinks, dancing, games, and networking. We had a great turnout, and it was a pleasure to see so many great minds having such a great time. Thank you to all who attended and helped make this event possible. See photos here.
Wishing everyone well,
Gene Ransom III
MedChi CEO
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