FP job market stays strong
Family physicians are still in high demand, according to the 2010 Review of Physician Recruiting Incentives from Merritt Hawkins, a national physician recruitment firm. From the survey period of April 2009 to March 2010, family medicine was the top specialty recruited by the firm, with 375 searches, followed by internal medicine (246 searches), psychiatry (179 searches) and hospitalists (124 searches).
Salaries or income guarantees offered to family physicians averaged $175,000 per year, with a low of $140,000 and a high of $255,000. Family physicians with obstetrics were offered $200,000 per year, with a low of $155,000 and a high of $320,000. These amounts did not include production bonuses or benefits.
When it comes to benefits, 98 percent of searches included offers to pay the physician's health insurance, 99 percent paid for malpractice insurance, 90 percent provided a retirement plan, 84 percent provided disability insurance and 38 percent offered educational loan forgiveness.