SullivanCotter featured in Modern Healthcare’s annual physician compensation issue
The latest trends in physician compensation
Physician compensation is on the rise as provider organizations try to attract more doctors in a tight labor environment. The industry is still responding to post-COVID-19 pandemic market dynamics, according to companies that responded to Modern Healthcare’s 2023 Physician Compensation Survey, which analyzes data from nine staffing and consulting firms. As patients return for deferred procedures, burned-out doctors are taking a step back from work and students are rethinking career options, creating supply-demand mismatches.
To recruit more physicians, providers are turning to higher base salaries, in addition to sweetening the deal with signing bonuses or educational opportunities. Productivity remains the largest factor in calculating total compensation, but employers are also incorporating quality metrics, recruiting and consulting.
Featuring data and insights from both SullivanCotter’s 2023 Physician Compensation and Productivity Survey and 2023 Medical Group Compensation and Productivity Survey, Modern Healthcare discusses five trends that emerged from this year’s Physician Compensation Survey.
Looking for additional data and benchmarks?
SullivanCotter recently released its annual Physician Compensation and Productivity Survey Report. For more than 30 years, this survey has been and continues to be the largest and most comprehensive physician compensation survey published. With data reported on over 306,765 physicians, APPs and PhDs, this survey continues to lead the market in all areas – sample sizes, contemporary and emerging pay practices and the number of specialties and position levels surveyed.