24th Annual Physician Recruiting Incentive Report Offers National Benchmark Data, Market Analysis
January 17, 2018
2017 Physician Incentive Review Now Available
By Travis Singleton
It’s an annual occurrence that has become a key point on the calendar for healthcare executives, recruiters, media members, doctors and others who follow physician recruiting trends.
I refer to the release of Merritt Hawkins’ Review of Physician and Advanced Practitioner Recruiting Incentives, the longest running and most comprehensive examination of the starting salaries, signing bonuses and other perks and benefits used to recruit physicians today.
Merritt Hawkins’ 2017 Review has just been completed and includes data generated by the 3,287 physician and advanced practitioner recruiting assignments Merritt Hawkins and its sister companies conducted from April 1, 2016 to March 31, 2017.
For the 11th consecutive year, the Review indicates that family doctors top the list of the most highly recruited physicians in the United States, followed by psychiatrists, internists, obstetrician/gynecologists, and hospitalists. The average starting salary for family physicians is $231,000, according to the 2017 Review, up from $198,000 in 2015, an increase of 17%. The average starting salary for psychiatrists is $263,000, according to the Review, up from $226,000 two years ago, while the average starting salary for general internists is $257,000, up from $207,000 two years ago.
In addition to data on physician starting salaries and other incentives, the Review includes an in-depth analysis of the demographic, economic and legislative trends shaping the physician recruiting market today. It is an indispensable resource for those seeking to craft competitive physician recruiting incentive packages and for those seeking insights into today’s physician market dynamics. A breakdown of key findings of the survey offers a quick look at some of the data included in the 2017 Review. Those who would like a complete copy of the 46-page Review are welcome to email me here.
Travis Singleton is Senior Vice President of Merritt Hawkins, the nation’s leading physician search firm and a company of AMN Healthcare. He can be reached here.
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