The average signing bonus for physicians increased 21 percent from 2022 to $37,473 this year, according to AMN Healthcare's "2023 Review of Physician and Advanced Practitioner Recruiting Incentives," released Aug. 14.
The average signing bonus for nurse practitioners and physician assistants is $8,355, down 7 percent from $9,000 last year, according to the report.
Hospitals and medical groups use signing bonuses as a recruiting incentive and to provide an added impetus for physicians who may be considering multiple opportunities. They can serve as an immediate monetary reward that can distinguish one opportunity from another.
Editor's note: The report is based on a representative sample of the 2,676 permanent physician and advanced practitioner search engagements AMN Healthcare had ongoing or was engaged to conduct between April 1, 2022 and March 31, 2023.