How Much Do Doctors Make?

In this video, Dr. Webb talks about a recent medscape survey that interviewed over 20,000 doctors and asked them how much they earn, how many hours a week do they work, how much overhead do they pay, and more!
Medscape Survey here: www.medscape.com/slideshow/20...
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Пікірлер: 395

  • @antoniowebbmd
    @antoniowebbmd4 жыл бұрын

    Thanks for watching everyone! Hope this video helps!

  • @mohamedsaid-id6nj

    @mohamedsaid-id6nj

    4 жыл бұрын

    Antonio J. Webb, M.D. can you make a video of becoming a Pa or switching careers from PA to MD?

  • @aliabdullah9964

    @aliabdullah9964

    4 жыл бұрын

    This videos help , thanks a lot 🙏 . But would it be okay to get new videos about the cases and how to manage them in orthopedic. I believe this may help too either in exams or in practice

  • @big_guy_tings

    @big_guy_tings

    4 жыл бұрын

    Antonio J. Webb, M.D. thanks for always creating great content. If I may ask a question to you: How do you foresee a single payer health care policy impacting your career?

  • @mgiii

    @mgiii

    4 жыл бұрын

    Antonio J. Webb, M.D. would you mind making a video about Mohs Surgery?

  • @nateg7502

    @nateg7502

    4 жыл бұрын

    Very insightful, thank you

  • @GS-xt8fu
    @GS-xt8fu4 жыл бұрын

    My friend died on the way to the hospital. He was revived and went flat again. They revived him. The cardiologist went to work on him an hour after getting there. Test etc were performed, first. He of course got immediate attention. He is not over weight and was only thirty nine. I can’t medically explain his condition but it was serious. The main artery to his heart was almost completely shut off. He was in there for almost five hours. This was nine years ago. He is healthy and has since that time created two wonderful children. I don’t know what the surgeon made but.....he earned it and we are so.....so grateful. What a wonderful job he did and saved my best friend.

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Wow! Thanks for sharing. I’m glad he is better!

  • @imbennelson
    @imbennelson4 жыл бұрын

    Oncologists have saved my moms life twice from leukemia. I've said many times these doctors will never be paid enough for what they do.

  • @JS-up8oe

    @JS-up8oe

    4 жыл бұрын

    God bless

  • @ale014pr

    @ale014pr

    3 жыл бұрын

    Remember cancer never goes away it just stays in remision

  • @michaelp3010

    @michaelp3010

    3 жыл бұрын

    @@JS-up8oe yeah well they never fucking helped my family so they can go fuck themselves

  • @samk2001

    @samk2001

    3 жыл бұрын

    @@michaelp3010 they tried their best dipshit. They are not gods, wtf do you expect them to do?

  • @jjiang7488

    @jjiang7488

    3 жыл бұрын

    @@michaelp3010 doctors are not gods, they try their best but everyone's condition is different. No need for all the hate ffs.

  • @Milkdudsaveusss
    @Milkdudsaveusss4 жыл бұрын

    To me it makes more sense for a new doctor to be an employee for a few years and save, then get his own practice.

  • @kyledenihan4983
    @kyledenihan49834 жыл бұрын

    As a current third year medical student, I really appreciate this video! I feel like the topic of money doesn’t get talked about enough with students. It’s not the reason most people want to become a doctor, but it’s undoubtedly an important topic to cover. So, thank you for this video and the transparency you displayed with it!

  • @Moodtoodrude

    @Moodtoodrude

    2 жыл бұрын

    Hi 4th year!!!

  • @itzibrahimm2616

    @itzibrahimm2616

    Жыл бұрын

    ​@@Moodtoodrude hi first year

  • @SK-mr6ov
    @SK-mr6ov4 жыл бұрын

    Dr Webb why are you sayin 800k without a smile on your face? You can be happy about your future salary, we won’t be mad😂😂

  • @jonathannoel3534

    @jonathannoel3534

    4 жыл бұрын

    you missed that overhead and tax chart

  • @SK-mr6ov

    @SK-mr6ov

    4 жыл бұрын

    Jonathan Noel yea taxes are ridiculous, 50% of his income will go to stupid taxes. It’s not even fair man. Hardworking people are being screwed from there money

  • @benm6716

    @benm6716

    4 жыл бұрын

    @@SK-mr6ov tell me about it my year to date right now is 120k and i paid 50k in taxes so far

  • @alezandradavila2581

    @alezandradavila2581

    4 жыл бұрын

    Because he has to pay his loans back

  • @catwesage

    @catwesage

    3 жыл бұрын

    @@alezandradavila2581 800k salary. 100k in loans. Wow that's going to take forever.

  • @lukashayden7027
    @lukashayden70274 жыл бұрын

    To answer your question, in my opinion I don’t think doctors get paid enough for the amount of time and effort they put into their jobs and the education leading up to their jobs (let’s keep in mind that their job is saving lives and making lives better). We have athletes making $100 million + and they score touchdowns and make 3 pointers for a living. Not fair. Doctors and nurses deserve more.

  • @ianaguilera9658

    @ianaguilera9658

    4 жыл бұрын

    They also make their company a lot more money than doctors do

  • @alejandrosanchez2085

    @alejandrosanchez2085

    4 жыл бұрын

    Athletes are more valuable and doctors are important. Value and important. two different things

  • @RSRoadTo

    @RSRoadTo

    4 жыл бұрын

    It’s always comical when people overlook the hard work and dedication athletes put into their career

  • @johnsmith-kd4ck

    @johnsmith-kd4ck

    3 жыл бұрын

    I know that is the feel good thing to say but I really dont think so that is a lot of money and many people go to school for that long that do not make that much. We get hate in Investment Banking for making money but doctors make almost as much and get told they are underpaid. This is simply because people are only capable of understanding how those people help there lives because its right in front of there face.

  • @purumolmander9302

    @purumolmander9302

    3 жыл бұрын

    Well athletes get payed based on how much they generate

  • @gundafamily1159
    @gundafamily11594 жыл бұрын

    Hey Dr. Webb is finally an attending! Congrats!

  • @easymedicinebytmd8247
    @easymedicinebytmd82474 жыл бұрын

    Super interesting video! Those numbers seem really high in comparison to what doctors earn here in Europe! Thanks for this summary!

  • @thefrontliner9650
    @thefrontliner96504 жыл бұрын

    Very educational, thank you! - we hadn’t read the newest Medscape article!

  • @imdocdaniel
    @imdocdaniel4 жыл бұрын

    Audio sounded very odd on my Beats headphones LOL.. Sounded like you were sitting right behind me talking. Longtime sub, and I just got accepted to an MD program after a career change and then multiple rejections. Your videos really inspire me. Thank you doc!

  • @KR-nq7tu

    @KR-nq7tu

    4 жыл бұрын

    Good luck!

  • @billrussell4832

    @billrussell4832

    4 жыл бұрын

    Congratulations! Best of luck

  • @ferreally

    @ferreally

    4 жыл бұрын

    Congrats!!!

  • @MariaRuiz-yc8jl

    @MariaRuiz-yc8jl

    4 жыл бұрын

    Congrats 👍

  • @ericklopez61222
    @ericklopez612224 жыл бұрын

    I really wished that Medscape would divide up the salaries by specialty, location, and experience, i.e. entry level

  • @as.829
    @as.8294 жыл бұрын

    Wow this was such an in-depth video! I definitely think that either primary care physicians should be better paid, or that college/med schools should cost less.

  • @vmdmckay

    @vmdmckay

    4 жыл бұрын

    I agree. If you want to retain a high quality individual, you will have to pay them more. If their cost to practice goes up (including medical education), they will simply transfer the cost to the patients and insurance. Thus, cost of medical care skyrockets. This is business 101, that many do not think applies to medicine. We need high quality providers, which will cost us money to retain. But, we also need to consider the cost of the education for these providers and understand that has significant effect on the costs associated with healthcare. Love your channel, watch all the time. Following in your path now: combat medic to physician. Applying next year. And yes, I hold an MBA, in the even anyone wants to contest the business side of medicine. Been on both sides of healthcare now (provider and administration).

  • @drsomeone9656
    @drsomeone96564 жыл бұрын

    Dear Dr.webb if you find the time please a video about medical oncoloy would be fantastic considering how they are doing very well with medscape reports makes me really eager to know more about it. As always thank you for making these videos 🌹

  • @JS-up8oe
    @JS-up8oe4 жыл бұрын

    Doctors should be the highest paid people in the world .

  • @nolanfontaine1799
    @nolanfontaine17994 жыл бұрын

    Love the integrity of this man!

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Thanks Nolan!

  • @michaelcarter5447
    @michaelcarter54474 жыл бұрын

    Nicely done, very diplomatic with your delivery. Of course, this data is based off surveys, and gets published in a format that can be released publicly. That’s the biggest reason why I have in the the past and will continue to decline responding to such surveys - why would I want the possibility of drawing negative attention?

  • @chaunceylaboo6353
    @chaunceylaboo63534 жыл бұрын

    Your look when you said neurosurgeons says it all Dr. Webb 😂

  • @videomdify
    @videomdify4 жыл бұрын

    It’s interesting that public health & preventive medicine was number 1 in specialties that felt fairly compensated. Some surveys have also put them as the least to get burnt out.

  • @adrianvalderrama8225
    @adrianvalderrama82254 жыл бұрын

    These reports should really include pay per hour worked. Some specialties make way more than others, but also work a lot more during residency and post-residency life.

  • @modelbashir2365

    @modelbashir2365

    Жыл бұрын

    I agree if your working 80hours making 500k its really the same as someone making 250 working 40 hours.

  • @kehw
    @kehw4 жыл бұрын

    Your Doctors deserve every dollar they earn imo.

  • @rosemariekury9186
    @rosemariekury91864 жыл бұрын

    We’ve had the same pc doctor for. a number of years and he’s mentioned he gets so frustrated with the amount of paperwork required for Medicare. I think a lot of that should be eliminated, and that would keep costs down. He’s a very good doctor and we try to thank him. each time we see him, as I’ve heard that sometimes they get very depressed and even suicidal. Love your videos and I’m impressed with all of the “grit” and determination you have.

  • @theshue8067
    @theshue80674 жыл бұрын

    great video doc!

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Thanks!

  • @BTSrm13
    @BTSrm134 жыл бұрын

    That was great insight that I didn’t know before. I’m also curious how the breakdown of pay works for after you graduate med school and are an intern, resident, fellow, etc. Are the figures you were talking about just for after you finish all the training and are fully set up in your job? If so, I would love to know the breakdown of compensation leading up to it including paid time off, benefits, and salary. Love your videos!

  • @cfar25
    @cfar254 жыл бұрын

    Great video!

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Thanks!

  • @nicholassummerlee6843
    @nicholassummerlee68434 жыл бұрын

    I think Doc might need a lesson in taxes and owning a business. You're not taxed on revenue when you own a business. You're taxed on profit. All of you overhead is that you pay is basically a write-off and you'd only be taxed on the 500k profit. You'd be left with roughly 300k after all federal, state, and local taxes are paid, not 130k.

  • @chronicles6065
    @chronicles60654 жыл бұрын

    Great Video.

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Thanks!

  • @jamescrawford2547
    @jamescrawford25473 жыл бұрын

    People never want to talk about money, but it’s always important no matter what you do. It’s a serious financial debt to become a doctor, and it’s certainly not easy to even get there. Imo doctors deserve everything they make and more

  • @chadode9048
    @chadode90484 жыл бұрын

    With the difference between male and female salary - is there any credence to the idea that women tend to gravitate towards specialties that pay less? Or was that figure based on male vs. female in the same specialty?

  • @oscarmendez1477
    @oscarmendez1477 Жыл бұрын

    Thanks fir this insightful video~! I never thought of private vs non-private and what will be the pros and cons of it.

  • @funsize198
    @funsize1984 жыл бұрын

    if we're including per hour worked, I think Radiology, EM, and Derm probably make the most.

  • @princess287love
    @princess287love4 жыл бұрын

    Do pediatricians only make 100-150K? I feel like that’s too low...

  • @doctorbobby4543

    @doctorbobby4543

    4 жыл бұрын

    It IS low. CRNAs makes more. It's pretty sad.

  • @princess287love

    @princess287love

    4 жыл бұрын

    Doctor Bobby the pediatricians here where I live make at least 150

  • @doctorbobby4543

    @doctorbobby4543

    4 жыл бұрын

    @@princess287love and that is honestly still low.

  • @princess287love

    @princess287love

    4 жыл бұрын

    Doctor Bobby I agree

  • @abciximabzz

    @abciximabzz

    4 жыл бұрын

    The reason for that is: specialties that perform procedures earn for because billing is done per procedure. So surgeons, interventional radiologists, cardiologists make the most money and paediatricians and geriatric medicine specialists make the least. Surgeons can earn tens of thousands of dollars on a one hour procedure whereas a pediatric consultation can easily be a whole hour and it would’ve only earned them a few hundred dollars.

  • @panasheduncan297
    @panasheduncan2974 жыл бұрын

    Good video. Can your next video be about Bs/Md programmes

  • @doc_nk
    @doc_nk4 жыл бұрын

    Compensation is always a great topic I like covering as well. Medscape puts my specialty ophthalmology at 366k . Ophtho has a huge range. Low starting salary but a very high ceiling. Lots of cash based work too. We are sort of secretive about our pay for bureaucratic reasons. Because most of our practice is outpatient the base salary is not necessarily our take home. Contracts are based off production and partnerships. Also depends on subspecialty . Retina surgeons average 6 to 7 hundred thousand. Thus, there are definitely many making in the 7 figures Ie. High volume cataract surgeons and lasik surgeons. But like Dr. Webb mentions there are so many factors that can boost your salary. Private practice will make much more than academics. Partnership will always be more than employed.

  • @shapeshiftertimetraveller8147

    @shapeshiftertimetraveller8147

    4 жыл бұрын

    Hey doc can you plz elaborate more on opthalmology compensation this doc made it sound way tooo depressing 1million 130 k carrying home doenst sound right and can be discorusging plz explain with more sincerity

  • @MrThelegendary754

    @MrThelegendary754

    4 жыл бұрын

    Opthalmology is the best specialty in medicine in my opinion and i hope after i finish my medical school to enter residency in opth pray for me🙏🙏.... subbed btw would like to c more videos from you

  • @shapeshiftertimetraveller8147

    @shapeshiftertimetraveller8147

    4 жыл бұрын

    @@MrThelegendary754 yes you can avoid toxic environamnest such as the hospital you cna be a partner and own your own practice best specialty for men and a peace of mind

  • @malenurse3607
    @malenurse36074 жыл бұрын

    Would you be able to interview a certified register nurse first assistant(CRNFA)? From my understanding they are considered the P.A's but in the nursing side. Its an alternate option for those who don't want the debt of P.A school but still want to work with surgeon and do procedures.

  • @Hungryreels
    @Hungryreels4 жыл бұрын

    Thanks for the videos dr

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    No prob. Thanks for watching!

  • @Scott-is2cb
    @Scott-is2cb4 жыл бұрын

    I am wondering, what about trauma surgeons? Well actually will be moving towards critical care surgeon. Where do you see that fitting in on the list? If I may be so bold in asking. Would think some type of compensation would be present considering it is falling out of favor rather quickly. Hopefully legal coverage at least? Anyway, your thoughts? Thank you

  • @zamzam-pw5zf
    @zamzam-pw5zf4 жыл бұрын

    Thank you doc

  • @akhileshgaur2364
    @akhileshgaur23643 жыл бұрын

    Sir if any student studying in residency program in usa so they have medical benefits or not like if he want to do his surgery like limb lengthening so who will pay for this sir pls tell me

  • @Izeba
    @Izeba4 жыл бұрын

    What ever they earn ....... they certainly charge enough ! Your very well spoken !

  • @mc6148
    @mc61484 жыл бұрын

    In the video it's stated that if the doctor makes 1 million in revenue at their private practice, with 500k overhead, they will have to pay 370k in taxes and will be left with 130k. This is false. The 500k overhead would be considered part of business expenses and not take home revenue. As such, instead of the 1 million being taxed, only the 500k profit would be taxed. The doctor would probably be then left with about half of that (250k) as their post-tax income.

  • @josphellihsilak4588

    @josphellihsilak4588

    3 жыл бұрын

    I was looking for this before i commented the same. Im shocked Dr.Webb didn't spot that.

  • @LilJbm1

    @LilJbm1

    3 жыл бұрын

    What about business/corporate taxes? I'd assume you'd get "double-taxed" if you will before the business profit gets dispersed in payroll, then that gets taxed on the physician's W2. Could be wrong, our tax code is retarded and I haven't started a business yet, just been researching.

  • @Sweet_Love_-lu6lb
    @Sweet_Love_-lu6lb3 жыл бұрын

    Doctors shouldn’t have to pay taxes. They save lives for God sakes❗️

  • @Locopueblo

    @Locopueblo

    3 жыл бұрын

    then the military shouldn't either. and the fire department. and law enforcement. teachers save lives. parents save lives religiously. TAXES ARE NOT A PUNISHMENT. THEY'RE NECESSARY FOR OUR WAY OF LIFE.

  • @Sweet_Love_-lu6lb

    @Sweet_Love_-lu6lb

    3 жыл бұрын

    @@Locopueblo My comment is not up for debate. 😘

  • @mugiwara9507

    @mugiwara9507

    3 жыл бұрын

    @@Sweet_Love_-lu6lb stfu he put u in ur place

  • @Sweet_Love_-lu6lb

    @Sweet_Love_-lu6lb

    3 жыл бұрын

    @@mugiwara9507 😂😂😂😂😂😂

  • @muzzammilhoosain4747

    @muzzammilhoosain4747

    3 жыл бұрын

    Fuck you dumbass

  • @davidparker527
    @davidparker5273 жыл бұрын

    I recently graduated from biomedical science and will be attending my graduate entry program next year in medicine (Australian student, by the way). My key areas of interest are zoonotic diseases, microbiology, and otorhinolaryngology - if I was pressed for a specialized field. Could you tell me why ENT specialists are paid so highly? I have reviewed aggregate data and it seems to indicate that they are paid more than cardiologists and oncologists. Why is this so?

  • @taylorlangley900
    @taylorlangley9003 жыл бұрын

    Well that is something that's not shared. If you are an orthopedic spine surgeon how much are you charging for surgery? I know it's dependent on the case obviously and insurance, but do you learn that during residency the business aspect of owning your own practice?

  • @nusaman
    @nusaman3 жыл бұрын

    Hi. Love your videos. At 8:30 you seem to say that taxes are calculated on gross revenues but shouldn’t the taxes be calculated on profits after your overhead has been deducted. Seems the $130k take home on $1m revenues is not right. Am I missing something ? Thanks again. You are an inspiration to so many.

  • @reckless_ashen9383
    @reckless_ashen93834 жыл бұрын

    Don't really know where to post a request so I'll just do it here 😅 Can you please do a video on instability? Be it craniocervical or lumbar instability :) thank you so much

  • @fuze59
    @fuze594 жыл бұрын

    Leave the tables up on the screen instead of flicking back and forth.

  • @joebell231
    @joebell2314 жыл бұрын

    What age did you start medical school and what age did you start residency????

  • @chetanbagra2267
    @chetanbagra22674 жыл бұрын

    Can a international student get a scholarship from a us medical school if he/she does his pre medicine from USA?

  • @cjDollar
    @cjDollar6 ай бұрын

    if i want to challenge general surgery residency and fellowship at age 42, is it too late or commonly seen case?

  • @Life2dmax1
    @Life2dmax14 жыл бұрын

    Any advice on what resources to use to learn about the business of medicine (private practice, etc)? Do you think it would be worth it for med students to invest time into this?

  • @chrisfiechter1233

    @chrisfiechter1233

    4 жыл бұрын

    Check out White Coat Investor

  • @swurlnplot
    @swurlnplot4 жыл бұрын

    Great video and analysis, but didn't this come out over a year ago? Interesting watch nevertheless

  • @JoeyH547
    @JoeyH5473 жыл бұрын

    I would imagine private practice doctors (owners) have the potential to make the most, as well as the potential to make the lease bc it’s just like running any other business

  • @jaybhatt9976
    @jaybhatt99764 жыл бұрын

    Hey there....the figures which you talked about in this video initially that this speciality makes this amount of money....was that after removing taxes and overhead or we need to remove like 90% of that amount just for the overhead and taxes? Can you please tell that how much amount we get in our hand to spend on our dreams and life out of that amount?....you told it varies but I just wanted to know an approx range for each speciality

  • @jaybhatt9976

    @jaybhatt9976

    4 жыл бұрын

    Reply please

  • @nireidelberg9930
    @nireidelberg99304 жыл бұрын

    Thank you Dr. Webb for your insights. I am not an expert on this, but I believe some if not most of the overhead expenses could be written off taxes. And some other stuff like a personal car could also potentially be written off taxes. So honestly I feel you got that part somewhat skewed. As I see it a solo self employed physician realistically could end up having more than 250k, possibly much more. Even if not, the major expenses associated with the profession had already taken care of so it is like saying 100-250K to the pocket. And for some reason Dr. Webb rounded 48% of a million to half a million, it is 20K deviation. Which also end up in the pocket at some extent. I am by no means suggesting that Docs getting overpaid. I am saying that most of them live comfortably, and with the right "life hacks" they can improve their lifestyle and economics. Would really appreciate videos and maybe some sharing of experience that made Docs from having 130K to >250K.

  • @kkotani
    @kkotani4 жыл бұрын

    Just a question I would like your opinion on: veterinarians have the same amount of student debt yet get paid significantly less; vet specialists get less than PCP’s! Thoughts?

  • @LilJbm1

    @LilJbm1

    3 жыл бұрын

    I guess that's why very few people are vets and you have maybe 1 vet school for every 5 med schools (pulled stat out of butt but the ratio is imbalanced)? They don't do as important a job though as human society see's it. I mean, humans care about humans, obviously. I wouldn't say vets should get paid more, but get indebted less (as in not have to take out so much debt).

  • @AverageJoe313
    @AverageJoe3134 жыл бұрын

    What about interventional radiology is there data for that specialty?

  • @joshmcgoo

    @joshmcgoo

    4 жыл бұрын

    they make similar to some surgical specialties 300's, usually

  • @fannindao2066
    @fannindao20663 жыл бұрын

    I'm a final year med student and I'm planning to specialise in Opthalmology or Dermatology. But these fields are very competitive and my GPA is just average... Planning to take usmle 1 - 2CK. Please pray for me!

  • @Shri-ud9jm

    @Shri-ud9jm

    3 жыл бұрын

    All the best!

  • @Dakwabz
    @Dakwabz3 жыл бұрын

    How are taxes calculated for a Doctor I don't get that part

  • @electput
    @electput3 жыл бұрын

    Hello Dr. Webb! I also want to be a orthopaedic surgeon! You are my Idol ( just wanted you too know)!

  • @antoniowebbmd

    @antoniowebbmd

    3 жыл бұрын

    You can do it! 👍🏾👍🏾👍🏾

  • @electput

    @electput

    3 жыл бұрын

    @@antoniowebbmd OMG OMG OMG MY IDOL REPLIED OMG OH MY GOD OH MY GOD!!!!!!!!!

  • @electput

    @electput

    3 жыл бұрын

    @@antoniowebbmd THANK YOU SOOO MUCH!!!

  • @mohammedchowdhury7714
    @mohammedchowdhury77144 жыл бұрын

    How does malpractice insurance play into this

  • @firistic
    @firistic4 жыл бұрын

    Is overhead per physician or for the group in total?

  • @debapriyalahiri7514
    @debapriyalahiri75142 жыл бұрын

    Considering no debt how much % is saved per year avj. ?

  • @ty2kbuddier
    @ty2kbuddier4 жыл бұрын

    Dr. Webb do you see any change in medical education in the post-Covid era ?

  • @johanneshalberstadt3663
    @johanneshalberstadt36633 жыл бұрын

    Wow. Orthopedists make on average around 200,000 here. And top earning doctors in Germany are radiologists at around 300,000 a year. Quite a difference to the U.S.

  • @ADK117

    @ADK117

    3 жыл бұрын

    doctors in the us tend to work longer hours, and medical school costs are extremely high. Also it takes longer to become a physician here because of the mandatory bachelor's degree which also costs an exorbitant amount. So the higher salaries are justified imo

  • @sambhatnagar51
    @sambhatnagar514 жыл бұрын

    Any notes on DO vs MD in the survey? I am a 3rd yr osteopathic med student pursuing FM/IM. Curious about MD vs DO PCP compensation

  • @landonp.4073

    @landonp.4073

    4 жыл бұрын

    I believe DO would be more if you use OMT

  • @evanmiles7252
    @evanmiles72523 жыл бұрын

    Is that 30-60k per physician? Or would the physicians pool the money together?

  • @johanneshalberstadt3663
    @johanneshalberstadt36633 жыл бұрын

    Is all of that after taxes and deductions?

  • @feverishhx9750
    @feverishhx97504 жыл бұрын

    Just a quick correction, In self employment taxes you only pay taxes on the profit you make, not the overhead. This is how some companies manage to pay little to no taxes, it’s because they say they have more overhead than they actually have.

  • @killerx367
    @killerx3674 жыл бұрын

    Still not sure if I want to become a doctor.

  • @themanwelch
    @themanwelch4 жыл бұрын

    All the numbers are way lower because they include physicians that work part time or less . I knew 3-4 pediatrician back in Med school that only worked three days a week . Then the academic physicians make a lot less etc.

  • @urbananimal55

    @urbananimal55

    3 жыл бұрын

    Same in my industry. I'm a hairdresser, the data collected on our earnings is heavily skewed by people who work part time and in high volume shops like supercuts. A hairdresser working full time at a real salon in a middle class area can easily make twice what the surveys say, and much much more in expensive areas.

  • @cathymikolajchak
    @cathymikolajchak4 жыл бұрын

    There is one thing you didn't included in a doctor's overhead/expense.. malpractice insurance. While inhave no first hand knowledge, I am sure its not cheap but a necessary thing and most people never think about the Drs having to pay for that. Plus with all the new rules /polices due to this virus, I know some doctors and seeing less patients because they are making more time between appointment slots thus limiting number of people in waiting room at same time so I'm sure that cuts into their revenue but the same overhead is still there

  • @mr.gloomy9475

    @mr.gloomy9475

    4 жыл бұрын

    he included that. did you watch the video?

  • @pikusarker1359
    @pikusarker13594 жыл бұрын

    How much canadian doctors make after overhead? Nice video.

  • @maxos-4135
    @maxos-41354 жыл бұрын

    Does anyone knows anything about germany salaries? Are the taxes there high? Do they have the overhead thing as well?

  • @MrErupted

    @MrErupted

    4 жыл бұрын

    Doctors in germany earn 3500 to 4000 euro per month after cutting the taxes and that's for resident doctors but it differs from hospital to another some hospitals do give a bit higher than that and some may give lower than 3500 ,specialists and consultants earn at least 7500 euro per month

  • @maxos-4135

    @maxos-4135

    4 жыл бұрын

    @@MrErupted what about the taxes and do they have the overhead thing?

  • @MrErupted

    @MrErupted

    4 жыл бұрын

    @@maxos-4135 as far as I know it is not that expensive to live in Germany you can say it's moderate ,and unfortunately I don't know anything about taxes overthere

  • @maxbell9723
    @maxbell97234 жыл бұрын

    Why aerospace medicine salary so low?

  • @muhialdainmuhialdain7938
    @muhialdainmuhialdain79384 жыл бұрын

    What I know for sure is that YOU should get paid more.

  • @TheFishFTW
    @TheFishFTW4 жыл бұрын

    Your income taxes are taken after overhead not before. So 370k in taxes and 130 left for you is not really accurate. Just wanted to point that out. Great vid either way :D

  • @koryxfrissoner4163
    @koryxfrissoner41634 жыл бұрын

    Shouldn't taxable income be revenue minus overhead? It doesn't seem right to me that you get taxed for a business expenditure.

  • @shapeshiftertimetraveller8147
    @shapeshiftertimetraveller81474 жыл бұрын

    If you hire a accountant to do your bidding would itnbe easier like what the hell 1 mill revenue 130000 doenst sound right

  • @ss-pw4zj
    @ss-pw4zj Жыл бұрын

    Does insurance go under regulation?

  • @Courtnuxified
    @Courtnuxified4 жыл бұрын

    What about colorectal surgery?

  • @urbananimal55
    @urbananimal553 жыл бұрын

    You lost me at paying 370k in taxes on 500k of profit. This is not how taxes work. You would pay 37 (or whatever percent) on your profit not on your gross revenue (then of course there is how you pay yourself whether you draw a salary or not and various applicable laws, types of corporations etc.). I hate how well to do people always grossly misrepresent how much they pay in taxes. I'm all for reasonable taxes and regulations but this trend makes me a lot less sensitive to their plight.

  • @babyyoda8195
    @babyyoda81954 жыл бұрын

    Where's cardiovascular/thoracic surgery doc? We used to be the highest until cardiology fucked it up for us

  • @austinthompson1961
    @austinthompson19614 жыл бұрын

    The overhead would be a tax deductible business expense correct? Would you not just be responsible for taxes on the 500,000?

  • @UzayrSiddiqui

    @UzayrSiddiqui

    4 жыл бұрын

    Yes, you are correct.

  • @blackphilosophy9691
    @blackphilosophy96914 жыл бұрын

    This is a very informative and enlightening video Dr. Webb! May you be showered with blessings and peace. I hope you are doing well. I have two questions. Do you think tattoos will affect the view of the doctors in major black community hospitals and communities? My second question is, are HBCU medical schools softer on having tattoos as a medical student?

  • @antoniowebbmd

    @antoniowebbmd

    4 жыл бұрын

    Good question. I answer it in this video here kzread.info/dash/bejne/q2WBrK2smcbQYso.html and no I don’t think they will be softer bc of tattoos.

  • @Boki9
    @Boki9 Жыл бұрын

    whatever you wonderful, selfless, brilliant human beings make, it's not enough. same goes for nurses

  • @skechfreak
    @skechfreak4 жыл бұрын

    How come they never include neurosurgery? Most surveys don’t include them that I’ve seen

  • @krane15

    @krane15

    4 жыл бұрын

    Good old boys club?

  • @josephsaldino2538

    @josephsaldino2538

    4 жыл бұрын

    Marius G. It is a very small community. Prob not enough data if you only have like 6 respondents. There are only about 3000-4000 neurosurgeons in the USA serving 311 million people which is kinda crazy to think about

  • @irajzunairafzal7150
    @irajzunairafzal71504 жыл бұрын

    Hi Dr. Webb, I think there's an error in your math at 8:33 ! If your revenue is $1M, you would subtract the company expenses of 500k. Your taxable income falls at 500k, so you will be charged accordingly for that tax bracket.

  • @EssenceyMatthew

    @EssenceyMatthew

    4 жыл бұрын

    Correct - all those overhead costs will be pre-tax deductions.

  • @TwiztidPain
    @TwiztidPain3 жыл бұрын

    It all comes down to Location Location Location, some private health doctors that get to work with high profile clients are a nice cushy life.

  • @stephenr4185
    @stephenr41854 жыл бұрын

    Your figures are wrong at 8:26. You don't pay taxes off the $1 million. You get to deduct the $500k in overhead from your $1 million in revenue. So you only have $500k in profit, which is what you pay your taxes on. Which depending on the state, you'd probably take home around $300k.

  • @lclark3279
    @lclark32793 жыл бұрын

    Looking into pediatric neurosurgery. Bummed they didn’t participate !

  • @sabrinasmith5088

    @sabrinasmith5088

    2 жыл бұрын

    The only peds neurosurgeon I know makes like, a million a year lol

  • @hismajestykingchristopher5185
    @hismajestykingchristopher51854 жыл бұрын

    Anyone making 6 figures in this country cannot complain. If you live outside your means, that's a choice at any income level above the national poverty level. You may owe 250k after school, and if you make 200k after residency, you can live comfortably on 100k and pay off the loans with the rest. It's not hard, nor a struggle. Just saying.

  • @Sam-oc2zw

    @Sam-oc2zw

    4 жыл бұрын

    You are forgetting tax and other costs like medical insurance. You also seem to be forgetting the stupid hours that doctors have to work. So yes they can complain. Until you are in their shoes you don't get to tell them they can't complain

  • @brandonbornet5421

    @brandonbornet5421

    2 жыл бұрын

    lol, obviously they can complain, 100k is very very low for everyone, not just doctors

  • @santiagocabiati1
    @santiagocabiati14 жыл бұрын

    700K a year? this is amazing/unbelievable. in my country, Argentina, a Senior Doctor, if he only works in one hospital 40h/week he get 13K a year. truely sad

  • @lovelife7740

    @lovelife7740

    3 жыл бұрын

    WTF?

  • @markusmeijer9942

    @markusmeijer9942

    3 жыл бұрын

    Yeah... WTF?

  • @santiagocabiati

    @santiagocabiati

    3 жыл бұрын

    sadly our money came from 2001 value 1ARS=1USD. now at 2020 its 135ARS=1USD.... Doctors are paid the same than teachers. workers, and any kind of profession...It's really sad to live and work in a place like this... ohh I almost forgot.. if you are a professional you may be earning more than the common standards.so if you gain more than the common they take 35% of your salary, plus 21% of the value of each product is a TAX. and if you're Senior and you gain more money they take you 50%. welcome to Argentina brother ......

  • @ricky4736
    @ricky47364 жыл бұрын

    DR WEBB WASSUP DOC

  • @bollemuslol
    @bollemuslol4 жыл бұрын

    my mom says im special

  • @orinzaman7634

    @orinzaman7634

    3 жыл бұрын

    u are.

  • @browncookies8048

    @browncookies8048

    3 жыл бұрын

    Your mom is right. We are all special in our own ways

  • @tiggerperez8524

    @tiggerperez8524

    3 жыл бұрын

    You aren’t kid. No one is🤗🤗🤗

  • @orinzaman7634

    @orinzaman7634

    3 жыл бұрын

    @@tiggerperez8524 everyone is special in their on way, let's not spread negativity :)

  • @tiggerperez8524

    @tiggerperez8524

    3 жыл бұрын

    @@orinzaman7634 im only telling him the truth 😓

  • @tomr6866
    @tomr68664 жыл бұрын

    It's amazing money but you start earning it possibly later in life and I've seen so many burnt out doctors

  • @LilJbm1

    @LilJbm1

    3 жыл бұрын

    Yeah very easy to get burnt out when you don't see the fruits of your intense labor for so long.

  • @kad.k1
    @kad.k13 жыл бұрын

    bruh it's not because of inequality that women make less... women work less hours generally speaking and men tend to work in more high-paying specialities...

  • @Gr33kSpartan98
    @Gr33kSpartan983 жыл бұрын

    I'm pretty sure you only pay taxes on your net profits as a business owner. If $500k goes towards overhead, that should be considered a business expense

  • @Nephromancer3
    @Nephromancer33 жыл бұрын

    Shout out to my fellow Nephrologists out there!

  • @IdeaCalledFreedom
    @IdeaCalledFreedom4 жыл бұрын

    Neurosurgery doesn’t like sharing their salary stuff very much. They do their own survey every year called NERVES and it costs about $2,500 to view the survey, haha