Primary Care Doctors’ Salaries are on the Rise
By 2030, the Association of American Medical Colleges estimates a physician shortage for nearly 121,300 physicians, and the shortage of primary care doctors are expected to be between 14,800 and 49,000. While physician assistants and nurse practitioners may offset that estimate, healthcare facilities are offering incentives to primary care providers to combat the shortage.
According to a Medical Group Management Association survey, primary care doctors’ compensation rose more than 10% over the last five years, which is almost twice the rate for specialty physicians. Facilities are offering continuing medical education stipends, higher signing bonuses and reimbursement of moving costs.
Other primary care roles are getting a boost as well. Compensation for physician assistants and nurse practitioners grew 8% in the last five years, averaging $65,000 a year. These non-physician roles will be instrumental in helping boost healthcare access as the shortage begins to take effect.
To learn more, view the MGMA results.