Featuring data and insights from our 2024 Physician Compensation and Productivity Survey.
Health care organizations are getting creative as physician compensation increases amidst ongoing staffing shortages.
SullivanCotter’s Dave Hesselink recently sat down with Modern Healthcare to discuss how hospitals and health systems are addressing recruitment and retention challenges. Beyond increasing base salary, many are offering sign-on or relocation bonuses as well as focusing on other non-monetary incentives such as reduced workloads, less call burden, remote work options in some settings, and more.
Modern Healthcare dives deep into the data from 10 staffing and consulting firms to outline the top 5 trends in physician compensation:
- Employers continue to offer higher salaries, more bonuses
- But money isn’t everything…
- Physicians shift away from practice ownership as private equity grows
- Challenges in recruiting specialists continue
- Pushback grows against pay scales based on productivity
