New Physician Recruiting Incentives Report

AMN Healthcare’s Physician Solutions division (formerly known as Merritt Hawkins) has released its Review of Physician and Advanced Practitioner Recruiting Incentives annually for the last 30 years.

Cited every year by Modern Healthcare and many other publications, the Review offers benchmark data and analysis used by hospitals, medical groups and other organizations to determine which physician and advanced practitioner (AP) recruiting incentives are customary and competitive.

The recently released 2023 Review continues to be the most comprehensive source of data regarding physician and AP starting salaries, signing bonuses, production bonuses and related recruiting incentives in the industry. It also offers an in-depth analysis of the latest trends driving physician supply and demand, recruitment and retention.

Some key findings from the 2023 Review are:

  • 64% of AMN Healthcare’s search engagements this year were for physician specialists.
  • Average starting salary offers made to specialists were generally up year-over-year.
  • Nurse practitioners topped the list of AMN Healthcare’s most requested search engagements for the third consecutive year.

MHA Members interested in obtaining a copy of the complete report may reach out to Ben Jones at AMN Healthcare.

AMN Healthcare Webinar on Implementing Language Services June 14

The number of Limited English Proficient (LEP) individuals living in the U.S. continues to rise more rapidly than the general population, driving demand for language services in hospitals, physician practices and other patient care locations.

In July, provisions of section 1557 of the Affordable Care Act will take effect, requiring healthcare providers to extend measures to protect LEP and deaf patients from discrimination and continue to ensure they receive the same level of care as English-speaking and hearing patients.

AMN Healthcare Language Services, an MHA Endorsed Business Partner (EBP), will host the webinar Organizational Responsibilities in Language Access Regulation: ACA Section 1557 at noon June 14 to outline these implications and provide guidance for maintaining compliance.

Patient outcome data shows that LEP patients suffer more misdiagnoses, longer hospital stays and greater readmission rates than other patients and this is attributed largely to poor communication. Additionally, 20% of LEP patients admit to not seeking healthcare services for fear of not being able to understand their physician.

There are clear implications for all healthcare providers in Michigan. Understanding these regulations is important. Members are encouraged to register for this webinar.

New Physician Recruiting Data and Insights Provided by Merritt Hawkins

Merritt Hawkins

By Kurt Mosley, vice president of strategic alliances at Merritt Hawkins, an MHA Endorsed Business Partner

For the last 29 years, Merritt Hawkins, a division of AMN Healthcare, has released its annual Review of Physician and Advanced Practice Practitioner (AP) Recruiting Incentives.Merritt Hawkins

The recently released 2022 Review is based on a representative sample of over 2,600 recruiting engagements and, like previous reviews, tracks physician and AP starting salaries, signing bonuses, relocation allowances and related incentives. Over the years, the Review has provided benchmark data that many hospitals, medical groups and others use to determine if their recruiting packages offer customary and competitive incentives.

The new Review indicates that demand for physicians, and the salaries they are offered, has rebounded dramatically from COVID-19. Patient backlogs, an aging population and widespread chronic medical conditions have caused a strong surge in physician demand.

Increased from last year, the average starting salaries for orthopedic surgeons and most other specialties are shown on a downloadable infographic. The 2022 Review also shows that demand for medical specialists is rising, while demand for primary care physicians has declined. Most of Merritt Hawkins’ search engagements (64%) over the prior 12 months were for medical specialists, while only 17% were for primary care physicians. The remaining 19% were for advanced practice professionals such as nurse practitioners (NPs), physician assistants (PAs), and certified registered nurse anesthetists.

Two factors account for this shift. One is an aging population that needs more specialists to care for ailing internal organs, musculoskeletal conditions and neurological problems. The other is the growing use of NPs and PAs to provide primary care, often in “convenient care” settings such as urgent care centers, retail clinics and through telemedicine.

The Review includes a wide range of additional data and analysis. MHA members can obtain a copy of the review by contacting Merritt Hawkins Regional Vice President Ben Jones.