Association News

Merritt Hawkins Shares 2021 Physician Compensation Review

Physician search firm Merritt Hawkins, a HASC Endorsed Business Partner, invites members to review and download its 2021 Review of Physician and Advanced Practitioner Recruiting Incentives. Highlights from the Review are below.

“The coronavirus pandemic has had a profound impact on the economy, and on all aspects of health care, including physician compensation and recruiting. Hospitals have lost billions of dollars in revenue as a result of the pandemic and medical groups also have been negatively affected. These losses suppressed demand for physicians and advanced practitioners during much of the last year.”

Merritt Hawkins’ 2021 Review of Physician and Advanced Practitioner Recruiting Incentives shares the following key findings:

  • Nurse practitioners (NPs) topped the list of most requested search engagements for the first time, underscoring the accelerating demand for these professionals. In 27 previous years, the top position has always been held by physicians.
  • Eighteen percent of Merritt Hawkins’ search assignments were for advanced practitioners, including NPs, physician assistants (PAs) and certified registered nurse anesthetists (CRNAs), up from 13% the previous year. This is the highest percentage in the 28 years the Review has been conducted.
  • The majority of Merritt Hawkins’ search engagements (64%) were for physician specialists, including radiologists, psychiatrists, gastroenterologists and others, highlighting the robust demand for specialty physicians.
  • Only 18 percent of Merritt Hawkins’ search engagements were for primary care physicians, down from 20 percent in 2020 and 22 percent in 2019, signaling a relative decline in demand for primary care doctors.

For any questions about Merritt Hawkins or HASC’s Endorsed Business Partner Program, please contact Paul Young (information at top right).

Highlights of the 2021 Review: