Current trends in practitioner demand and salary
Residency Program Insider, July 31, 2019
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
According to the Merritt Hawkins 2019 Review of Physician and Advanced Practitioner Recruiting Incentives, primary care physicians are extremely in-demand. However, data gathered by Merritt Hawkins, a national healthcare search and conducting firm specializing in the recruitment of practitioners, indicates that there is increasing demand for medical specialists. For example, 78% of Merritt Hawkins’ search assignments tracked in the 2019 Review were for medical specialists (in comparison to primary care physicians) compared to 67% four years ago.
To gather this information, Merritt Hawkins gathered data from a sample consisting of 3,131 permanent physician and advanced practitioner search assignments that the organization and its sister companies participated in recruiting between April 2018 and March 2019.
Additionally, Merritt Hawkins’ data revealed the top 10 specialists currently in highest demand and their average starting salaries:
- Family medicine physicians: $239,000
- Psychiatrists: $273,000
- Nurse practitioners: $124,000
- OB-GYNs: $318,000
- Internists: $264,000
- Radiologists: $387,000
- Hospitalists: $268,000
- Neurologists: $317,000
- Gastroenterologists: $495,000
- Pediatricians: $242,000
Sources: Becker’s ASC Review and Merritt Hawkins
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Related Products
-
Residency Program Alert
Residency program managers in all specialties are challenged to effectively manage their programs as accrediting agencies...
-
Residency Program Insider
Residency Program Connection is devoted to bringing residency directors and coordinators expert advice, best practice...
Most Popular
- Articles
-
- HHS extends COVID-19 PHE another 90 days
- Poor documentation: The consequences
- Don't forget the three checks in medication administration
- Note similarities and differences between HCPCS, CPT® codes
- Nursing responsibilities for managing pain
- Know guidelines and subtle differences in code descriptions for laceration repairs
- The consequences of an incomplete medical record
- Differentiate between types of wound debridement
- ICD-10-CM coma, stroke codes require more specific documentation
- OB services: Coding inside and outside of the package
- E-mailed
-
- HHS extends COVID-19 PHE another 90 days
- Stroke benchmarks during COVID: HFAP releases latest report
- OSHA outlines new emergency temporary standard on COVID-19 safety for healthcare workers
- OB services: Coding inside and outside of the package
- Correctly bill ancillary bedside procedures in addition to the room rate
- Correct use of modifier -AY for ESRD
- Coding Clinic for CDI:Reassessing debridement documentation
- Bill and charge for supplies correctly to reduce risk and minimize lost revenue
- Bill all hours of observation when appropriate
- Append modifier -74 to cancelled procedures after anesthesia
- Searched