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.
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.