Healthcare News and Trends
Hospitalists in 2022: Demand, Salaries & Other Trends
February 28, 2022
By Tom Florence, EVP of Merritt
Hawkins
What can we
expect for hospitalists and their employers? The recruitment and salary trends
over the next couple of years will depend on several things, including the
continuing pandemic fallout as it affects hospital admissions, facilities’
budgets and providers’ resilience.
It’s been a
bumpy road for hospital medicine, and the journey isn’t over yet.
Fluctuating demand and salaries for
hospitalists
Working with
hospital systems and practices across the country, Merritt
Hawkins has seen a wide
variation in the number of search requests for hospital medicine physicians over
the last few years. Prior to the start of the COVID-19 pandemic in early 2020, this
new specialty was growing quickly, and demand for hospitalists rose more than
21 percent in a single year.
But COVID changed
the storyline for these acute care specialists, as it has for many other
physicians.
Hospitalists
and other front line hospital staff were forced to adjust and pivot in order to
help care for an unprecedented number of critically ill patients, while some
inpatient wards experienced low occupancy rates. This meant some hospitalists
were temporarily shifted to other departments, or asked to work beyond their
normal realm of responsibilities.
Hospitalists made
our list of the top 20 specialties in demand for 2020/2021 (coming in at No.
19), but the number of search requests was significantly less than prior years.
Those that took new jobs this past year did experience a bump in average
starting salaries.
Data from
Merritt Hawkins’ 2021 Review of Physician and Advanced
Practitioner Recruiting Incentives
shows the variations:
Year | Average Starting Salaries | Search requests |
2020/2021 | $290,000 | 27 |
2019/2020 | $221,000 | 71 |
2018/2019 | $242,000 | 143 |
2017/2018 | $230,000 | 118 |
2016/2017 | $240,000 | 94 |
2015/2016 | $224,000 | 228 |
Due to COVID-19 variants and other factors, hospital admission
rates remain volatile and subject to regional variations, making predictions
for 2022 difficult, but the search professionals at Merritt
Hawkins have begun to see a rise in demand for hospitalists—including general
internists and specialists, academic hospitalists and directors of hospital
medicine.
Research on turnover and job
satisfaction
Before the
pandemic, physicians in hospital medicine traditionally had higher turnover
rates than in other specialties, but previous studies had mostly tracked the
turnover between hospitalist groups. A 2021 research letter published in JAMA Network studied close to 17,000
hospitalists between 2012 and 2018, finding that nearly 1 in 4 shifted practice to other
settings, although most continued to practice in the hospital at least part
time. The researchers noted that reasons for the shifts outside of the hospital
setting were unclear, but warrant further investigation.
Meanwhile, a 2017 study in The
Hospitalist found some good news—that turnover rates for hospital
medicine physicians had been trending downward since 2010, thanks to many
hospitalist groups that were working hard to build a strong internal culture and
proactively create a shared vision, values, accountability and career goals. Hospitalists are also able to enjoy a better work life balance compared to traditional internal medicine physicians.
More recently,
a 2021 study by MedScape found that last year’s average
hospitalist salary of $276,000 was $40,000 higher than non-hospitalist primary
care physicians, but $65,000 lower than the average earned by other physician
specialists. The hospitalists also reported that they were working an average
of five more hours per week than non-hospitalists reported during the pandemic.
Perhaps not surprisingly, 39 percent of hospitalists said that they did not
feel fairly compensated. Of those who would choose to work in medicine again if
they had the chance to do it over, 75 percent would still choose hospital
medicine.
As employers
continue to shore up their resources to retain current hospitalist staff and
attract newcomers in 2022, it will be important to review work schedules,
workload, compensation packages, supportive resources and other elements of the
working environment.
The consultants
at Merritt Hawkins can help hospitals and group practices be competitive for
the best talent, and help candidates find the career opportunities that suit
their specific goals.
Get set to celebrate National
Hospitalist Day, March 3
Since 2019, the first Thursday in March has been recognized as National
Hospitalist Day, celebrating this
fast growing specialty and hospitalists’ contributions to the evolving
healthcare landscape. This year the observance falls on March 3, 2022.
On this special
day, and throughout the year, the staff at Merritt Hawkins is thankful for the
dedication of hospital medicine professionals and the care they provide during
patients’ most vulnerable times.
Happy National Hospitalist Day!
Next steps
Employers seeking to hire a hospitalist
can submit
a staffing request, and Merritt Hawkins’ client services
team will work with you to find the right candidates for your hospital or
group.
Candidates who are looking for a
hospitalist position can connect
with a recruiter to get answers to their questions and
start their job search.
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