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LocumTenens.com Finds Psychiatrists are Neutral on Universal Healthcare
Date:11/6/2008

care would reduce the number of payers and simplify the reimbursement process for them."

Psychiatrist Salary Gains
LocumTenens.com survey data indicate that the average psychiatrist salary increased between 2006 and 2007. In fact, 60 percent of psychiatrists responding to the physician recruitment firm's 2008 salary survey reported income gains between the preceding two years. Among those respondents, 26 percent reported increases of 10 percent or more. A quarter of responding psychiatrists said their gross personal incomes remained about the same between 2006 and 2007, while only 15 percent reported income decreases between the two years.

Davis suggests that recent psychiatrist salary gains reflect a growing shortage of psychiatrists, since 45 percent of U.S. psychiatrists currently are age 55 or older and only 28 percent are age 44 or younger. (Twenty-seven percent are between the ages of 45 and 54, according to the 2008 edition of the American Medical Association's Physician Characteristics and Distribution in the US.)

LocumTenens.com pegs the average psychiatrist salary at $183,232, roughly an eight-percent increase over the average $169,833 for 2007 respondents. To see an overview of the complete 2008 psychiatrist salary survey results, please visit the LocumTenens.com Psychiatry Career and Resource Center.

Regardless of compensation concerns, most 2008 psychiatrist respondents (83%) said they would choose medicine as a career again if given the choice.

Sixty-four percent (64%) of responding psychiatrists had been practicing for 10 years or more, 61 percent were male and 97 percent were board certified (67
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