1docway Blog How Providers Can Earn Competitive Wages with Telepsychiatry

Myth: Because telepsychaitry focuses on an underserved, under-insured and largely Medicaid populations, psychiatrists can not earn a competitive living given their skills. Fact: Psychiatrists can earn well-above-average pay ($150/hr, $300k/yr or more), serving the communities most in need through telepsychiatry. Telepsychiatry can often pay at par, if not better, than other psychiatric treatment settings. By focusing on patients in underserved settings, telepsychiatry can take advantage of a few different types of reimbursement bonuses that can meaningfully increase the total potential revenue derived from telepsychiatry.