Last year, roughly 76 percent of physicians were offered a signing bonus, and the average amount offered was $21,372. In 2012, however, about 85 percent of placed physicians received a signing bonus offer, and the average amount was $24,037.
“This statistic is surprising in light of the competition for physicians,” Steve Marsh, managing partner with The Medicus Firm, said in a news release. However, Mr. Marsh noted that signing bonuses tend to fluctuate year to year. “This could simply be a post-surge dip due to the volume and amounts of bonuses offered the previous year,” he said.
Indeed, in 2010, just 73 percent of physicians received signing bonuses, but that jumped to 88 percent in 2011.
“[The statistic] will most likely increase again as recruitment remains competitive for physicians, especially primary care,” he said.
More Articles on Physician Recruitment:
Physician Assistant Placement on the Rise
6 Most In-Demand Specialties for Locum Tenens
The Good & The Bad: 20 Things Physicians Like, Dislike About Hospital Employment
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.