Interventional Radiology Salary In 2024

Interventional radiology (IR) is one of medicine’s most dynamic and evolving fields. It combines the skills of a radiologist with the precision of minimally invasive surgery, allowing for targeted treatments with reduced recovery times. However, one key question aspiring interventional radiologists or those interested in the healthcare industry often have is: How much do interventional radiologists earn, what is the average Interventional Radiology Salary in 2024?

In this article, we’ll dive into the latest data on interventional radiology salaries, considering factors such as geography, experience, and the demand for specialists in this field.

What is Interventional Radiology?
Factors Affecting Interventional Radiologist Salaries
National Average Interventional Radiology Salary
Salary Comparison by Geographic Location
Private Practice vs. Hospital Employment
Trends and Future Outlook
Conclusion
FAQs

1. What is Interventional Radiology?

Before diving into salary figures, it’s essential to understand what interventional radiologists do. These specialists use imaging techniques like X-rays, CT scans, and ultrasounds to guide minimally invasive surgical procedures. Instead of performing traditional open surgery, they use needles and catheters to treat conditions like cancer, blood clots, and arterial blockages.

So, in short, they’re the superheroes of the medical world—helping patients recover faster with fewer complications.

2. Factors Affecting Interventional Radiologist Salaries

Several factors impact the salary of an interventional radiologist. These include:

Experience Level: New interventional radiologists typically earn less than their more experienced counterparts.
Location: Salaries vary widely depending on where a radiologist practices.
Employment Setting: Whether the radiologist works in private practice or a hospital can significantly influence pay.
Demand: Like any profession, supply and demand play a significant role. More demand in a particular region or specialty may lead to higher salaries.

3. National Average Salaries

According to the 2023 Doximity Physician Compensation Report, interventional radiologists are among the highest earners in the medical field. The average salary for interventional radiologists across the U.S. is approximately $547,026. This places interventional radiology in the top 10 of the highest-paying specialties, just behind specialties like neurosurgery and cardiology.

To give you a better idea, here are some figures from the Doximity report:

Top specialties: Neurosurgery ($788,313), Orthopedic Surgery ($624,043), Radiology (Interventional: $547,026).

4. Salary Comparison by Geographic Location

Geography plays a significant role in the salary of interventional radiologists. Some regions offer much higher compensation due to demand, cost of living, and the number of practicing physicians in that area. According to data from the 2023 MedAxiom Compensation Survey, metropolitan areas with the highest compensation include cities like Charlotte, NC and St. Louis, MO.

Here’s a snapshot of interventional radiology salaries by region:

Highest earning metro areas:
- Charlotte, NC – $430,890
- St. Louis, MO – $426,370
- Oklahoma City, OK – $425,096
Lowest earning metro areas:
- Washington, DC – $342,139
- Baltimore, MD – $346,260.

When adjusted for the cost of living, cities like Oklahoma City and Charlotte continue to offer the highest real compensation, while coastal cities such as Washington, DC, Boston, and Seattle have lower relative incomes.

5. Private Practice vs. Hospital Employment

One of the most significant factors influencing salary is whether the interventional radiologist is employed in private practice or a hospital setting. Private practices tend to offer higher salaries but may come with additional responsibilities such as managing a business.

Private Practice: Radiologists in private practice can earn more but may experience fluctuations in salary due to the business side of running a practice.
Hospital Employment: Typically offers more stability but might come with slightly lower salaries compared to private practice.

6. Trends and Future Outlook

The future looks promising for interventional radiologists! With the ongoing shift towards minimally invasive procedures, the demand for these specialists is expected to increase. Not only does this mean job security, but salaries are also likely to continue their upward trajectory. Additionally, as healthcare becomes more personalized and technology-driven, interventional radiology will be at the forefront of innovative treatments.

7. Conclusion

Interventional radiology is a rewarding field, both professionally and financially. With an average salary of over $547,000, this specialty is among the highest-paying in the U.S. However, your location, level of experience, and employment setting can significantly influence your earnings. For those passionate about blending cutting-edge technology with patient care, interventional radiology is a stellar career choice.

8. FAQs

1. What is the average salary for an interventional radiologist? The average Interventional Radiology Salary is approximately $547,026 in the U.S..

2. Do interventional radiologists earn more in private practice or hospitals? Generally, interventional radiologists in private practice tend to earn more, though hospitals offer more stable compensation.

3. Which regions offer the highest salaries for interventional radiologists? Cities like Charlotte, NC and Oklahoma City, OK offer some of the highest salaries in the U.S.

4. What factors impact an interventional radiologist’s salary? Experience, location, demand, and employment setting significantly impact salaries.

5. Is the demand for interventional radiologists expected to grow? Yes, with the increasing focus on minimally invasive procedures, the demand for interventional radiologists is expected to rise along with Interventional Radiology Salary.