According to new survey data from Sullivan, Cotter and Associates Inc., a health care consulting firm, primary care physicians saw their total cash compensation rise by 3.4% from 2014 to 2015. Medical specialists saw an increase of 2.5%, and surgeons saw a rise of 2.3%. Overall, physicians saw their payRead More
When it comes to physician compensation, which is better: a straight salary or compensation based on productivity incentives, or a combination of the two? How do productivity-based compensation models work? And how can you know if your compensation is fair? The Compensation articles in MedCareerGuide give you not only detailed compensation numbers from industry surveys, but take a detailed look at different types of compensation structures to help you better understand physician compensation plans.
If you’re a physician in the job market, you’ve probably heard about employers that offer signing bonuses and/or retention bonuses. Many do offer jobs with these perks, and employers use them to encourage physicians to sign on the dotted line, or to remain with that group for a certain periodRead More
You’ve just completed your residency and you’ve been offered two attractive positions, one in a private practice and one in a hospital. If you’re like most new physicians, you’ll probably opt for the hospital job, even though you may prefer the friendlier, more intimate setting of the private practice. “InRead More
If you are a woman practicing medicine today, you are probably being paid less than your male colleagues. The data come from several sources. According to the Bureau of Labor Statistics, the median weekly earnings of female physicians and surgeons in 2014 was $1,246, compared to the weekly earnings forRead More
One of the most important components of job satisfaction, no matter what profession you’re in, is feeling that you are being fairly compensated. That’s a problem for physicians, many of whom think their compensation is unfair. According to a 2015 survey conducted by Medscape, about half of physicians of allRead More