RI Ranked 2nd Worst State for Doctors to Practice
Monday, March 20, 2023
Rhode Island is ranked the second worst state for doctors to practice, according to a new study.
In WalletHub’s “2023 Best & Worst States for Doctors,” Rhode Island ranks only above Hawaii.
“Doctors are one of the most essential professions, especially as we deal with the diminished but continued presence of the COVID-19 pandemic. Doctors spent the last few years on the front lines combating the spread of this disease and administering the vaccines and boosters that have helped life get mostly back to normal,” writes WalletHub.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“Doctors are well compensated for the hard work they do to keep patients healthy. They are among the highest-paid and most educated professionals in the U.S., with general physicians having a median salary equal to or greater than $208,000 per year,” they continue. “The high salary makes sense, given the importance of their life-saving work and the struggles that come with life in the medical profession. However, doctors don’t start out wealthy. The average medical-school debt is around $202,000.
According to WalletHub; here's how RI stacks up:
Practicing in Rhode Island (1=Best, 25=Avg.):
43rd – Avg. Annual Wage of Physicians (Adjusted for Cost of Living)
46th – Avg. Monthly Starting Salary of Physicians (Adjusted for Cost of Living)
46th – Hospitals per Capita
18th – Projected % of Population Aged 65 & Older by 2030
50th – Projected Physicians per Capita by 2030
26th – Punitiveness of State Medical Board
47th – Malpractice Award Payout Amount per Capita
29th – Annual Malpractice Liability Insurance Rate
Overall, Rhode Island ranked 44th for “opportunity and competition” and 45th for “medical environment.”
Rhode Island also ranked tied for last for having the highest malpractice award payout per capita.
In order to help doctors decide where to practice, WalletHub compared the 50 states and the District of Columbia across 19 key metric — the data set ranges from the average annual wage of physicians to hospitals per capita to the quality of the public hospital system.
Related Articles
- Rhode Island is Worst State for Physicians, According to New Report
- RI Ranked 3rd Worst State for Doctors in U.S.
- RI Ranked 2nd Worst State in Country for Doctors
