Rhode Island Ranked Worst State for Doctors
Monday, March 30, 2015
Personal finance website WalletHub has released a report ranking all fifty states and Washington D.C. for their overall attractiveness to doctors. According to the report, “2015’s Best and Worst States for Doctors,” Rhode Island ranks 51 out of 51.
The report is broken down into 12 key metrics that have been grouped into two categories: Opportunity and Competition and Work Environment. Some of the metrics include Number of Hospitals per Capita, Average Starting Salary (adjusted for cost of living), Average Annual Wages (adjusted for cost of living) and the Projected Percentage of Population over 65 by 2030. Though doctors are some of the highest paid and educated people in the country, factors like shifting demographics, increasing numbers of branded hospital networks, the Affordable Care Act have complicated the lives and finances of doctors.
Rhode Island ranked low in most of the metrics: 44th for Average Annual Wages, Nebraska is ranked with the highest annual wages; 47th for Most Competition (Projected Most Physicians per Capita in 2022), ranking higher than only the District of Columbia; and 47th in Highest Malpractice Payouts per Capita with North Dakota ranking the Lowest Malpractice Payouts.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTHow Attractive is Rhode Island for Doctors? (1=Most, 25 =Average.):
46th – Average Starting Salary (cost of living adj.)
44th – Average Annual Wages (cost of living adj.)
42nd – Physician Wage Disparity
47th – Projected Physicians per Capita (2022)
18th – Projected % of Population over 65 by 2030
47th – Malpractice Payouts per Capita
39th – Number of Hospitals per Capita
According to the report, the best state to live and work as a doctor is South Carolina.
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