Healthcare Finance NewsHealthcare Finance News
  • Home
  • Sections
    • Industry News
    • Community Care
    • Hospitals & IDNs
    • Payers
    • Solutions and Services
  • Issues
    • Jan/Feb 2010
    • December 2009
    • November 2009
    • October 2009
    • Sept. 2009
    • August 2009
  • Resource Central
    • All Resources
    • Research
    • White Papers
    • Web Seminars
    • Videos
    • Podcasts
  • Blog
  • Events
  • Jobs
  • About
  • Subscribe
  • Advertise
  • Newsletters
  • RSS
  • Twitter feed
  • LinkedIn group
Select Your Homepage
Search eConnect
Login | Register
Home » News » Industry News | Community Care

E-mail to a FriendPrint
Social Bookmarking
  • Delicious Delicious
  • Digg Digg
  • StumbleUpon StumbleUpon
  • Reddit Reddit
  • Newsvine Newsvine
  • Furl Furl
  • Facebook Facebook
  • Google Google
  • Yahoo Yahoo
With primary care docs in demand, practices offer signing bonuses as incentive

With primary care docs in demand, practices offer signing bonuses as incentive

June 25, 2009 | Chelsey Ledue, Associate Editor

IRVING, TX – Primary care physicians are in greater demand than any other type of doctor, according to a recent report by national physician search firm Merritt Hawkins & Associates, an AMN Healthcare company.

The "2009 Review of Physician Recruiting Incentives" tracks more than 3,200 physician-recruiting assignments that Merritt Hawkins conducted from April 1, 2008, to March 31, 2009. During that period, the company fielded more requests for family physicians than for any other type of doctor, followed by general internists, who also provide primary care. These requests represented a 23 percent increase over the previous 12-month period examined in the survey.

"Virtually every hospital or large medical group in the United States would be happy to add a family physician or general internist," said Merritt Hawkins' president, Mark Smith. "There simply are not enough primary care doctors to go around."

The shortage is the result of a burgeoning demand for primary care services combined with a shrinking supply of generalist physicians, according to Smith. Fewer medical students are choosing primary care specialties at a time when the population is both growing and aging.

It will  be exacerbated, Smith warned, if access to medical services is expanded through healthcare reform.

General surgeons follow internists on Merritt Hawkins' list of most in-demand physicians. General surgery is also  favored less by medical students, Smith observed, and many general surgeons are retiring with no doctors to replace them.

Signing bonuses were offered to physicians in 85 percent of the searches Merritt Hawkins represented in 2008/09, up from 74 percent the previous year and 58 percent three years ago. The report shows that the average signing bonus offered to physicians is $24,850, in addition to salaries ranging from $171,000 for pediatricians to $481,000 for orthopedic surgeons.

The widespread use of signing bonuses underlines the increasingly competitive nature of physician recruiting, according to Smith.

Though physicians have traditionally operated as independent practitioners, the report suggests that more hospitals are hiring physicians as employees and paying them directly through salaries. In 2005/06, 23 percent of the physician search assignments Merritt Hawkins represented featured physician employment by a hospital. In the 2008/09, that number increased to 45 percent.

"Many physicians today are throwing in the towel when it comes to private practice," Smith said. "They are exchanging independence for the relative simplicity and security of employment."

Related Topics:
  • Irving
  • Mark Smith
  • Merritt Hawkins & Associates

Reader Comments (0)Login to Post a Comment

receive news by email

Shopping cart

View your shopping cart.

Most Popular

Latest Headlines
Most Popular
  • New survey finds nursing shortage likely to increase
  • New Jersey hospital set to exit from Chapter 11
  • Improving efficiency should be goal of healthcare system, expert says
  • White House budget could stifle charitable donations to hospitals, group says
  • Atricure to pay $3.76M to resolve Medicare fraud allegations
  • Orlando Health enhances technology for RAC audits
  • Minnesota, Wisconsin businesses say healthcare is greatest obstacle to expansion
  • Healthcare employment continued to rise in January
  • Anthem Blue Cross asked to explain 39 percent premium increase
  • Vendor Notebook: RevenueMed launches EMR/EHR services
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Coding Specialist - Health Information Associates - Pawleys Island, SC
  • Manager, Patient Portal - MedStar Health - White Marsh, MD
  • Clinical Coder - Wise Regional Health System - Decatur, TX
  • Revenue Cycle Systems Analyst I - Miami Children's Hospital - Miami, FL
  • Revenue Cycle Systems Analyst II - Miami Children's Hospital - Miami, FL
more jobs
  • EHRWatch.com

    EHRWatch.com offers news, commentary and community participation on the developments in electronic health records.

  • Priming the Pump

    Priming the Pump provides practical news on the stimulus package and the incentives that it offers to healthcare providers.

  • NHINWatch

    Visit NHINWatch.com for coverage of the Nationwide Health Information Network.

  • Mobile Health Watch

    Stay up to date on the latest mobility news at Mobile Health Watch.

  • MedTech Publishing

    Visit our company Web page to learn more about MedTech Publishing.

  • LinkedIn

    Join our LinkedIn group to connect with other Healthcare Finance News readers.

  • Healthcare Finance Job Spot

    Check out the latest open positions at Healthcare Finance Job Spot.

  • Healthcare IT News

    Visit Healthcare IT News for the latest health information technology news.

  • Facebook

    Join Healthcare Finance News on Facebook to connect with other readers!

Marketplace

  • Home
  • Issues
  • Resource Central
  • Blog
  • Events
  • Subscribe
  • Advertise
  • About Us
  • Site Map
  • Privacy Policy
Healthcare Finance News is a publication of MedTech Publishing Company LLC.
For more information about MedTech Publishing Company and its publications, please visit medtechpublishing.com.
©2009 MedTech Publishing
Powered by Phase2 Technology.