Survey: Primary Care Physician First-Year Guaranteed Pay Rises

The median first-year guaranteed compensation for primary care physicians in 2012 was $180,000, up from $175,000 in 2011, according to the Medical Group Management Association's Physician Placement Starting Salary Survey: 2013 Report Based on 2012 Data. guaranteed pay for physicians on the rise

The increase in the amount of guaranteed salary for primary care physicians is somewhat attributable to the growing nationwide physician shortage, as practices, hospitals and health systems attempt to lure the shrinking number of primary care providers into the fold, according to a news release on the report report.

"With an influx of new patients anticipated in 2014, practices are seeking additional providers to serve patients. They are increasingly offering signing bonuses, relocation expenses, even additional vacation time, to attract physicians and prepare to best serve their communities in the future," Kenneth Hertz, FACMPE, with MGMA Health Care Consulting Group, said in the news release.

More Articles on the Physician Shortage:

Senate Subcommittee to Hear Primary Care Provider Shortage Solutions
Bill Addressing Physician Shortage Passes Texas Senate

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