• 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 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:

    Northeast $226,000
    Midwest $245,000
    Southeast $231,000
    Southwest $239,000
    West $242,000
    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 on Jun 15, 2018 by FPM Editors

    Disclaimer: The opinions and views expressed here are those of the authors and do not necessarily represent or reflect the opinions and views of the American Academy of Family Physicians. This blog is not intended to provide medical, financial, or legal advice. All comments are moderated and will be removed if they violate our Terms of Use.