Arthur | Marshall Physician Search released the "Physician Recruiting Incentives 2016 Review" with information about compensation and signing bonuses for physicians.
Here are eight key statistics:
1. Thirty-five percent of physicians were offered just salaries last year, compared with 43 percent in 2014 and 22 percent in 2013.
2. The percentage of physicians offered salary with production bonuses was up slightly from last year — at 59 percent in 2015 compared with 57 percent in 2014 — but down from the 73 percent in 2013.
3. Only 6 percent of physicians received an income guarantee, but that's up from 0 percent reported in 2014 and 5 percent in 2013.
4. Thirty-four percent of the physician signing bonuses last year reported $5,000 or less; 53 percent reported signing bonuses at $5,001 to $25,000. That's up slightly from 51 percent in 2014, who reported signing bonuses of $5,001 to $25,000.
5. Thirteen percent of the physicians with a signing bonus in 2015 reported the bonus at $25,001 to $50,000. Only 1 percent reported $50,001 to $100,000.
6. Almost all — 91 percent — of physicians were offered health insurance; 90 percent were offered malpractice benefits.
7. Ninety-one percent of the physicians were offered retirement and disability benefits. However, only 26 percent reported educational loan forgiveness.
8. Last year, physicians offering relocation allowance included:
• Under $10,000: 21 percent
• $10,000 to $15,000: 51 percent
• Over $15,000: 5 percent
• Unlimited with receipts: 0 percent
• Not needed/offered: 23 percent