Psychiatry Production Pay in 2026: wRVU Benchmarks, the CMS Conversion Factor, and Posted Salaries
Production pay appears in 5% of live psychiatry listings, while the median WeekdayDoc benchmark is $62 per wRVU for Psychiatry in 2026.
Production pay is a minority pattern in psychiatry postings: 5% of live listings mention wRVU or production pay. The median WeekdayDoc compensation estimate for Psychiatry is $62 per wRVU, which gives clinicians a benchmark for reading posted production terms.
How much do psychiatry postings pay before production?
WeekdayDoc’s live listings show 1,853 active Psychiatry roles across 49 states as of October 22, 2026. Of those, 795 state an annual salary, so pay transparency is 42.9% in live listings.
Among priced live listings, the median advertised annual salary is $326,500. The 25th percentile is $274,685, and the 75th percentile is $385,000. These are posted salary figures, based on the midpoint of each stated range, not survey income.
The last 12 months of postings show a national median advertised salary of $325,938, based on 1,850 salary observations. WeekdayDoc tracked 6,969 Psychiatry postings in that period, and the median advertised salary changed 6.9% versus the prior quarter. For a broader pay trend view, see the Market Pulse.
How common is psychiatry wRVU or production pay in postings?
Production language is present, but it is not the standard format in posted Psychiatry jobs. Live listings that mention wRVU or production pay have a median advertised salary of $325,000 among priced listings.
That base salary figure should be read as the posted guaranteed or salary component in listings that also refer to production. It does not mean every listing uses the same formula, threshold, panel size, visit mix, payer mix, or quality adjustment. When a posting uses a production term, clinicians still need to read how the employer defines eligible work RVUs, whether any floor applies, and which services count.
What are the 2026 wRVU benchmarks for psychiatry?
For 2026, the CMS conversion factor is $33.4. That conversion factor is part of the Medicare Physician Fee Schedule and is separate from an employer’s internal compensation rate per work RVU.
WeekdayDoc’s Psychiatry compensation estimate is $62 per wRVU at the median, with a 25th percentile benchmark of $54.6 and a 75th percentile benchmark of $71.9. The $/wRVU benchmark is a WeekdayDoc compensation estimate, not a licensed survey.
The common-code example uses CPT 99214, CPT 90837, CPT 90834, CPT 99215, and CPT 99204. Together, the typical annual work RVUs from those common Psychiatry codes are 11,644, and the implied production compensation at the median $/wRVU estimate is $721,928. This is an estimate based on a specialty code set, not a posted guarantee.
Which CPT codes drive the wRVU example?
- CPT 99214, an established patient office visit, has 1.92 work RVUs and a Medicare work-RVU value of $64.13 at the 2026 CMS conversion factor. The typical annual count in the Psychiatry code set is 1,500.
- CPT 90837, psychotherapy for 60 minutes, has 3.78 work RVUs and a Medicare work-RVU value of $126.26. The typical annual count in the Psychiatry code set is 1,200.
- CPT 90834, psychotherapy for 45 minutes, has 2.56 work RVUs and a Medicare work-RVU value of $85.51. The typical annual count in the Psychiatry code set is 800.
- CPT 99215, a higher-complexity established patient office visit, has 2.8 work RVUs and a Medicare work-RVU value of $93.52. The typical annual count in the Psychiatry code set is 500.
- CPT 99204, a new patient office visit, has 2.6 work RVUs and a Medicare work-RVU value of $86.84. The typical annual count in the Psychiatry code set is 300.
The CMS values describe work RVUs attached to codes. Posted compensation terms may use internal conversion rates, threshold structures, base-plus-production formulas, or other plan rules. For base salary context by role type, see the Psychiatry salary guide.
Where are advertised psychiatry salaries highest?
WeekdayDoc has enough salary data to compare 40 states, using states with at least 10 listings and at least 8 salary observations in the last 12 months of postings. The median of state medians is $326,469.
New Hampshire has the highest state median advertised salary at $421,316, based on 19 observations. Maryland has the lowest state median at $256,533, based on 57 observations. The gap between the highest and lowest state median is $164,783. For an interactive state view, see the Psychiatry pay by state.
| State | Median advertised salary | Salary observations | Postings | COL-adjusted median | Work-life score |
|---|---|---|---|---|---|
| New Hampshire | $421,316 | 19 | 50 | $404,334 | 7.4/10 |
| Oklahoma | $409,786 | 14 | 60 | $466,727 | 7/10 |
| Wisconsin | $366,750 | 18 | 71 | $389,745 | 6.8/10 |
| Pennsylvania | $362,686 | 63 | 678 | $371,605 | 7.6/10 |
| Kentucky | $360,000 | 20 | 53 | $399,113 | 7.1/10 |
| Kansas | $354,350 | 20 | 40 | $393,285 | 6.5/10 |
| North Dakota | $352,315 | 72 | 225 | $395,860 | 4/10 |
| Missouri | $350,664 | 22 | 99 | $386,194 | 6.4/10 |
| Rhode Island | $348,224 | 27 | 55 | $340,395 | 7.6/10 |
| Utah | $345,400 | 35 | 101 | $349,242 | 7.8/10 |
| Delaware | $339,659 | 22 | 55 | $340,340 | 5.5/10 |
| Ohio | $338,513 | 32 | 82 | $364,777 | 6.2/10 |
| Washington | $337,087 | 53 | 103 | $315,035 | 6.6/10 |
| Oregon | $336,819 | 29 | 62 | $325,744 | 6.7/10 |
| California | $336,632 | 192 | 599 | $304,094 | 6.5/10 |
Where does advertised pay go furthest after cost of living?
After cost-of-living adjustment, Oklahoma has the highest median at $466,727, using a BEA Regional Price Parity index of 87.8. Maryland has the lowest cost-of-living-adjusted median at $244,317, using a Regional Price Parity index of 105.
Cost-of-living adjustment changes the order because posted salary and local price levels do not move together. Oklahoma’s posted median is $409,786, while its cost-of-living-adjusted median is higher. California’s posted median is $336,632, while its cost-of-living-adjusted median is $304,094 because its Regional Price Parity index is 110.7.
What schedule terms show up in live psychiatry listings?
Remote work is common in live Psychiatry listings: 33.7% are remote. Remote listings have a median advertised salary of $340,000, compared with $321,000 for on-site listings.
Schedule language varies by posting. No-call language appears in 18.9% of live listings, no-weekend language appears in 22.9%, and no-night language appears in 19.3%. Listings with a work-life score of 7 or higher account for 38.7% of scored live listings.
Benefit terms are less consistently stated than salary or location. A sign-on bonus appears in 3.3% of live listings, and the median stated sign-on bonus is $30,000. Loan repayment appears in 12%, relocation assistance in 9.4%, PSLF-eligible employers in 8.6%, malpractice coverage in 21.2%, and a retirement match in 4.1%.
For stated time and expense benefits, the median PTO figure is 25 days and the median CME allowance is $2,500. Flexible schedule language appears in 4.6% of live listings.
At the state level, Utah has the highest listing-based work-life score at 7.8/10, while North Dakota has the lowest at 4/10. The work-life score is listing-based and scaled from 0–10; for a broader stress and schedule view, see the Burnout Index.
Which employers have the most live psychiatry openings?
The largest live Psychiatry employer count is LifeStance Health with 206 openings. Legion Health has 82 openings, Lyra Health has 70, Serenity Mental Health Centers has 59, BlueSky Telepsych has 47, UHS has 35, Centurion Health has 33, and MindCare Solutions has 21.
Openings count is not the same as advertised salary, production formula, or schedule quality. Employer-level review is separate from the pay benchmarks above; for employer comparison context, see the Top Employers index.
How we measured this
This article uses WeekdayDoc’s live listing index for 1,853 Psychiatry listings active on October 22, 2026. Live salary figures use listings that state an annual salary and calculate the midpoint of the posted range.
Trend figures use WeekdayDoc Market Pulse over 12 months of employer-deduplicated advertised salaries. State salary comparisons use states with at least 10 listings and at least 8 salary observations in the last 12 months of postings.
Work RVUs and the CMS conversion factor come from the CMS 2026 Physician Fee Schedule. Cost-of-living adjustment uses BEA Regional Price Parities from 2024. Work-life scores use the WeekdayDoc Top Employers work-life index and listing text signals.
Frequently asked questions
How common is production pay in live psychiatry postings?
Production pay is mentioned in 5% of live psychiatry listings.
What is the median psychiatry dollar-per-wRVU benchmark?
The median WeekdayDoc benchmark is $62 per wRVU.
What is the CMS conversion factor for the Physician Fee Schedule?
The CMS conversion factor is $33.4 for 2026.
What is the median live advertised psychiatry salary?
The median live advertised psychiatry salary is $326,500.
What is the median advertised salary for remote psychiatry listings?
Remote psychiatry listings have a median advertised salary of $340,000.
How many live psychiatry listings state an annual salary?
There are 795 live psychiatry listings that state annual pay.
Sources: WeekdayDoc live listing index (1,853 Psychiatry listings, October 22, 2026); CMS 2026 Physician Fee Schedule (work RVUs, conversion factor); WeekdayDoc $/wRVU compensation estimates (not a licensed survey); WeekdayDoc Market Pulse (12 months of advertised salaries, employer-deduplicated); BEA Regional Price Parities (2024); WeekdayDoc Top Employers work-life index. Figures are advertised (posted) salaries and listing attributes, not survey income; percentiles and shares, not grades. Updated October 22, 2026.
