2024 Review of Physician and Advanced Practitioner Recruiting Incentives
Introduction The 2024 Review of Physician and Advanced Practitioner Recruiting Incentives is the latest in a series of annual reports produced by AMN Healthcare’s Physician Solutions division – formerly known as Merritt Hawkins. The Physician Solutions division of AMN Healthcare specializes in the recruitment of physicians in all medical specialties, physician leaders, and advanced practice professionals (APPs), including nurse practitioners (NPs,) physician assistants (PAs) and certified registered nurse anesthetists (CRNAs). Other divisions of AMN Healthcare, the nation’s largest publicly traded healthcare workforce solutions company, specialize in a wide range of nurse and allied healthcare professional staffing services, as well as healthcare workforce technology, management and revenue cycle solutions. This report marks AMN Healthcare/Merritt Hawkins’ 31st annual Review of the search and consulting engagements we conduct on behalf of our clients. The Review is the longest consecutively published and most comprehensive report on physician and APP recruiting incentives in the industry. Over the past 31 years the Review has become a standard benchmarking resource used by hospitals, medical groups and other healthcare facilities to determine which incentives are customary and competitive in physician and APP recruitment. The Review also has become a resource widely utilized by healthcare journalists, analysts, policy makers and others who track trends in physician supply, demand and compensation. Ongoing Thought Leadership Produced by AMN Healthcare’s Center for Workforce Research, the Review is part the company’s ongoing thought leadership initiatives, which include surveys, white papers, speaking presentations, blogs, webinars and podcasts. The 2024 Review is based on a representative sample of the 2,138 permanent physician and advanced practitioner search engagements that AMN Healthcare’s Physician Solutions division had ongoing or conducted during the 12-month period from April 1, 2023, to March 31, 2024. The intent of the Review is to quantify financial and other incentives offered by our clients to physician and APP candidates during the course of recruitment. Incentives cited in the Review are based on contracts or incentive packages used by hospitals, medical groups and other facilities in real-world recruiting engagements. A Key Differentiator
Unlike other physician compensation surveys, the Review tracks physician and APP starting salaries and other recruiting incentives, rather than total annual compensation. It therefore reflects the incentives physicians and APPs are offered to attract them to new practice settings rather than what they may actually earn and report on their tax returns. The range of incentives detailed in the Review may be used as benchmarks for evaluating which recruitment incentives are customary and competitive in today’s market. In addition, the Review is based on a national sample of search assignments and provides an indication of which physicians and APPs are currently in the greatest demand, as well as the types of medical settings into which physicians and APPs are being recruited. Following are several key findings of the 2024 Review .
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