Demand for family physicians remains strong and income offers are rising, says a new report 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.
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