6 benefits dwindling for new physician hires

Most physician hires are seeing decreases to their benefit packages, according to a new report from Physician Thrive. 

The "2023 Physician Compensation Report" analyzes data from several sources, including the Bureau of Labor Statistics, Doximity, Merrit Hawkins and Medscape. It found that although relocation benefits are experiencing growth, most other benefits are being cut. 

These six benefits are down for new physician hires.

 

 % received in 2022

 % received in 2021

 % decrease

 Health insurance

 68 

 78

 10

 Malpractice

 66

 76

 10

 Disability

 61

 70

 9

 Retirement/401(k)

 61

 68

 7

 Educational forgiveness 

 16

 21

 5

 Continuing medical education payments

 92

 94

 2



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