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Big disclaimer: I would be happy to be proven wrong on this fact if someone has more reliable data than I have been able to find. I have cobbled together my picture of EM and IM hourly rates from forum posts, old MGMA data, and survey data.
It seems like the average hourly rate in the Midwest and South for EM is about $210-240/hr ($350k-$400k/yr for 140hrs/month) and for IM about $140-$170/hr ($300k/yr for 160 to 182hrs/month). Those are the regions I am interested in and it simplifies it somewhat to exclude the West Coast and the Northeast because their big city salaries can be so low. If we peg it at $225/hr and $150/hr...that’s 50% more per hour!!!
I am interested in the economic and business reasons why EM makes more per hour than inpatient IM. Things like billing (RVUs/hr?), making the hospital money versus costing the hospital money, overhead, extra money from midlevels...that sort of thing. Reasons I have ruled out:
“EM is more stressful than IM”—Plenty of less stressful fields make more money than EM so there doesn’t seem to be a great correlation in medicine between stress and higher pay.
“EM works nights”—IM nocturnists barely approach $200/hr at busy hospitals and they *only* work nights.
Why am I curious? Everyone is talking about how EM is going to be making peanuts in the coming decade because of all the residencies being added. So, I’m wondering what components of our healthcare system have made EM earn $200+/hr. From what I can tell, hospitalists are in higher demand than EM so it is not simply supply and demand.
Taking this all one step further, what would have to change for EM to be paid at levels closer to inpatient IM? EM seems worth it to me at $200+/hr. At $150/hr...not so much.
It seems like the average hourly rate in the Midwest and South for EM is about $210-240/hr ($350k-$400k/yr for 140hrs/month) and for IM about $140-$170/hr ($300k/yr for 160 to 182hrs/month). Those are the regions I am interested in and it simplifies it somewhat to exclude the West Coast and the Northeast because their big city salaries can be so low. If we peg it at $225/hr and $150/hr...that’s 50% more per hour!!!
I am interested in the economic and business reasons why EM makes more per hour than inpatient IM. Things like billing (RVUs/hr?), making the hospital money versus costing the hospital money, overhead, extra money from midlevels...that sort of thing. Reasons I have ruled out:
“EM is more stressful than IM”—Plenty of less stressful fields make more money than EM so there doesn’t seem to be a great correlation in medicine between stress and higher pay.
“EM works nights”—IM nocturnists barely approach $200/hr at busy hospitals and they *only* work nights.
Why am I curious? Everyone is talking about how EM is going to be making peanuts in the coming decade because of all the residencies being added. So, I’m wondering what components of our healthcare system have made EM earn $200+/hr. From what I can tell, hospitalists are in higher demand than EM so it is not simply supply and demand.
Taking this all one step further, what would have to change for EM to be paid at levels closer to inpatient IM? EM seems worth it to me at $200+/hr. At $150/hr...not so much.