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Behavioral Health News

Although the mean annual wage among all psychiatrists in the U.S. is $247,350, that can vary based on factors including experience and practice setting, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.

Pittsburgh-based UPMC's insurance services division grew from 4,033,737 total members in the quarter ended March 31, 2022, to 4,505,128 members in the quarter ended March 31, 2023, according its financial report released May 25. 

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Although the mean annual salary for psychiatrists in the U.S. is $247,350, psychiatrists in the 10 highest-paying urban areas earn upward of $315,000, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.

The U.S. may face a shortage of 54,100 to 139,000 physicians by 2033, and access to care in every specialty, including mental health services, is a national issue.

Only 6 percent of adults who experienced a major depressive episode in the last year are receiving treatment, highlighting the nation's need to prioritize mental healthcare. 

Loveland, Colo.-based Medical Center of the Rockies has the highest cash rates for mental health services of any hospital in the nation — 761 percent its Medicare rate for the same services — according to data from Sage Transparency.

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