Providers responding to the MGMA Physician Placement Starting Salary Survey: 2012 Report Based on 2011 Data, conducted in collaboration with the National Association of Physician Recruiters (NAPR), reported the most placements in California, Pennsylvania and Texas in 2011. More than 300 providers indicated they were placed in California, 292 in Pennsylvania and 267 in Texas. Providers reported the least number of placements to North Dakota, Idaho and Vermont.
Six of 10 regions reported more providers in-migrated to the area than out-migrated to other regions. In one region (consisting of states Alaska, Idaho, Oregon and Washington), 180 more providers were placed in the region than relocated from the region. The opposite is true for the region that includes New York and New Jersey, where more providers out-migrated from the area than in-migrated to the region.
The report features information regarding median first-year guaranteed compensation for primary care physicians and specialists, and guaranteed median compensation in both single-specialty and multispecialty practices.
In addition to first-year guaranteed compensation, benefits such as signing bonuses, loan forgiveness and paid relocation expenses may shape physician recruitment. Almost 53 percent of physicians received signing bonuses as a part of their employment offers, and almost 13 percent of physicians received loan forgiveness packages as part of their employment offers.
“The environment for recruiting physicians continues to be highly competitive," states Kenneth T. Hertz, FACMPE, MGMA principal consultant. “Having access to national and regional compensation and benefit data is critical for assembling a competitive financial package and will assist your practice in crafting a successful recruitment effort."
The MGMA "Physician Placement Starting Salary Survey 2012 Report Based on 2011 Data" contains data on 4,602 providers in 739 medical organizations. New to the report this year are expanded key findings, geographic trending data, and information detailing certain types of malpractice coverage offered by the practice.
Note: MGMA surveys depend on voluntary participation. Readers are urged to review the entire survey report when making conclusions regarding trends or other observations.