Family physicians are the most sought-after specialists by employers using physician recruiters in 2019, noted Merritt Hawkins, a physician staffing agency, in a recent report on physician recruiting.
To prepare the report, Merritt Hawkins examined data from over 3,100 permanent physician and advanced practitioner search assignments at Merritt Hawkins and its sister staffing agencies, Kendal & Davis and Staff Care.
This is 13th consecutive year that family physicians were the most requested by employers. It is also the fourth year running that psychiatry landed in the No. 2 slot.
Shift to value-based compensation
Among the other trends noted in the report is an increase in employers shifting toward a quality/value-based physician compensation model. In 2019, 56% of physician production bonus formulas feature quality-based metrics, up from 42% in 2018.
The following list ranks the most in-demand physician specialties along with the average base salary offered for each.
The 15 most in-demand physician specialties in 2019 and their base salaries
1. Family medicine - $239,000
2. Psychiatry - $273,000
3. Ob-gyn - $318,000
4. Internal medicine - $264,000
5. Radiology - $387,000
6. Hospitalist - $268,000
7. Neurology - $317,000
8. Gastroenterology - $495,000
9. Pediatrics - $242,000
10. Cardiology - Noninvasive: $441,000; invasive: $648,000
11. Emergency medicine - $382,000
12. Orthopedic surgery - $536,000
13. Anesthesiology - $404,000
14. Dermatology - $420,000
15. Pulmonology - $399,000