Primary care physician signing bonuses becoming the norm

Primary care physician signing bonuses becoming the norm

(HealthDay)—Signing bonuses for primary care physicians are becoming ubiquitous in a competitive hiring landscape, according to an article published Oct. 25 in Medical Economics.

The Medicus Firm conducted a physician compensation survey, an annual survey of over 2,500 doctors.

The survey found that 85.27 percent of the searches the firm filled last year offered a signing bonus for physicians. The average signing bonus was $24,037, with the highest bonus offered being $150,000. The firm suggests that the shortage of and the competitiveness of the market are making signing bonuses the new normal. Compensation plans are also shifting towards base salary plus incentive compensation.

"Sign-on were once considered icing on the cake, but now they're more like the cake itself," Jim Stone, president of the Medicus Firm, told Medical Economics. "They've gone from being nice to have to being expected."

More information: More Information

add to favorites email to friend print save as pdf

Related Stories

More job opportunities available for physicians

Jul 16, 2013

(HealthDay)—More than half of physicians are receiving up to three employment solicitations per week, according to a report published by American Medical Association (AMA).

Oracle CEO Ellison's pay drops 18 pct to $78.4M

Sep 21, 2013

The value of Oracle founder and CEO Larry Ellison's pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the company missed its internal financial targets and he declined his annual cash bonus.

Facebook discloses details on bonuses

Feb 09, 2012

Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a Wednesday regulatory filing.

Recommended for you

Patient-centered medical homes reduce costs

14 hours ago

The patient-centered medical home (PCMH), introduced in 2007, is a model of health care that emphasizes personal relationships, team delivery of care, coordination across specialties and care settings, quality ...

New mums still excessively sleepy after four months

15 hours ago

(Medical Xpress)—New mums are being urged to be cautious about returning to work too quickly, after a QUT study found one in two were still excessively sleepy four months after giving birth.

It's time to address the health of men around the world

16 hours ago

All over the world, men die younger than women and do worse on a host of health indicators, yet policy makers rarely focus on this "men's health gap" or adopt programs aimed at addressing it, according to an international ...

User comments