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Friday Jun 15, 2018

What family physicians are earning by region and by setting

Demand for family physicians remains strong and income offers are rising, says a new report(www.merritthawkins.com) from physician recruitment firm Merritt Hawkins. Based on the firm’s 497 searches for family physicians in 2017-2018, the average income offer for family physicians was $241,000 per year, not including bonuses or benefits. The lowest offer was $165,000, and the highest was $400,000.

Here’s how the average income data breaks out for family physicians by region and practice setting:

REGION 
Northeast$226,000
Midwest$245,000
Southeast$231,000
Southwest$239,000
West$242,000
PRACTICE SETTING 
Academics$218,500
Community health center$225,000
Group$233,000
Hospital$248,000
Solo$312,000

The report notes that most physician income offers (75 percent) involved a salary plus bonus. Most bonuses were based on RVUs (50 percent) or quality metrics (43 percent); however, quality determined only 8 percent of total physician compensation on average.

Posted at 08:00AM Jun 15, 2018 by FPM Editors

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