Why Are Average Psychiatrist Salaries Growing?

Two main factors to growth in average psychiatrist salaries.

Just like the year before, this year will shape out to be a psychiatrists’ market.

Shortages in available doctors and greater needs from patients mean that you, the provider, have more control over your career than ever before.

Psychiatrists are the 6th highest-paid specialty, making between $198,349-$273,256 annually. And those salary averages are likely to see an increase again this year due to:

Your skills are in demand.

Americans are increasingly seeking mental health care as awareness grows and stigma wanes. Nearly 1 in 5 Americans have some sort of mental health condition, according to the Substance Abuse and Mental Health Service Administration.

Even though the patients’ need is growing, the pool of available psychiatrists is actually shrinking, mostly due to the fact that more than 60% of all providers are nearing retirement age. 

The strain of shortages.

Communities across the United States are feeling the effects of psychiatric shortages. In fact, more than half of U.S. counties have no psychiatrists at all.

It’s most acute in rural or poor areas that have trouble attracting the few psychiatrists available. Though technology is helping these patients get seen, it’s still not enough.

Below, you can see that each state has Mental Health Professional Shortage Areas, which the government designates as underserved by psychiatrists and other mental health providers.

The map below compares access to mental health services within each state. States are ranked on their access to care by evaluating: insurance, treatment, special education and providers.

States with high access to care are displayed in light blue. States with the lowest access to care are displayed in dark blue.

Mental Health America Graphic

Source: Mental Health America.

Making the most of a physicians' market.

Patients all over the United States need you, and Jackson + Coker is here to help with both:

We have an extensive network of hospitals and facilities who are looking for doctors just like you.

Together, we can make this year the best of your career.

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Federal facts for you.

We are a Federal Supply Schedule Contract holder. 

Federal Supply Schedule (FSS) Contract: 36F79723D0086, Professional and Allied Healthcare Staffing, effective March 15, 2023, through March 14, 2028.

NAICS Codes:
  • 561320: Temporary help services. 
  • 621111: Offices of physicians. 
  • 621112: Offices of physicians, mental health specialists. 
  • 621399: Offices of all other miscellaneous health practitioners. 
  • 621330: Offices of mental health practitioners.

Privileging.

Once you and our client agree to move forward with your assignment, our privileging team will assist you and the client in gathering information required by the healthcare facility to grant clinical privileges.

1

We contact the facility’s Medical Service Office (MSO) for their application and requirements.

2

We will assist you by pre-populating the facility’s application and sending to the MSO.

3

We will assist the MSO by following up on requested items.

4

MSO will grant privileges based on your training and experience, and you will be able to start your assignment.

Nikole Tillery

Vice President, Sales

Nikole leverages more than 15 years of healthcare expertise while leading four key business areas: Advanced Practice, Neuroscience, Anesthesia + Radiology, and Non-Clinical Services. Her teams connect clients, physicians, and advanced practitioners and empower them to focus on delivering patient-centered care.  

Nikole holds a bachelor’s degree from Valdosta State University and a master’s degree in health care management from Davenport University. She has studied medicine and is passionate about connecting communities with healthcare solutions. She loves tennis and has a flair for culinary arts. 

Connect with Nikole on LinkedIn.

Maggie Youmans

Senior Vice President, Sales

As Senior Vice President, Maggie oversees several key specialty divisions and adjacent teams. With a demonstrated history of leading teams and developing individuals across the organization, she is dedicated to inspiring, challenging and empowering associates to achieve their personal and professional goals. 

Maggie earned degrees in marketing and management focused on consumer economics from the University of Georgia, Terry College of Business. She enjoys traveling with her husband to visit different bed and breakfasts. Together, they have been able to see the beauty within their own backyard and across the country.

Connect with Maggie on LinkedIn.

Anne Anderson

Executive Vice President

Anne has been at the forefront of the evolution of locum tenens for more than 35 years. She’s a respected leader with expertise in corporate operations, risk management, credentialing, and travel services. Before joining Jackson + Coker, she served as Executive Vice President at Medical Doctor Associates, part of Cross Country Healthcare. 

An ardent industry advocate, Anne served several years on the Board of the National Association of Locum Tenens Organizations (NALTO), including two years as president. 

Anne received a bachelor’s degree in business administration from Spring Hill College. She is also a PADI open water diver and enjoys scuba diving. 

Connect with Anne on LinkedIn.