Median pay for newly hired providers on the rise

Providers coming out of residency positions and joining new practices in 2022 earned more than their pre-pandemic counterparts in 2019, according to the 2023 "MGMA DataDive Provider Compensation" report, which collected data from nearly 190,000 providers across 6,800 organizations. 

From 2021 to 2022, compensation for newly hired primary care physicians rose 10.43 percent, 3.25 percent for surgical specialists and 10 percent for nonsurgical specialists. 

Additionally, 21.87 percent of physicians received a starting bonus in 2022, as did 19.9 percent of advanced practice providers. About 63.49 percent of physicians did not receive a starting bonus, compared to 64.39 percent of advanced practice providers. 

The median starting bonus was $20,000 for primary care physicians, $30,000 for surgical specialists, $25,000 for nonsurgical specialists and $10,000 for advanced practice providers. 

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