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Has COVID-19 impacted physician compensation, job options?

Article

Recent report shows physician compensation, job options lacking due to COVID-19.

Physicians are seeing a temporary reduction in starting salaries and job opportunities due to the COVID-19 pandemic, according to an annual report on physician recruitment trends.

The report, created by physician search firm Merritt Hawkins, tracked a sample of 3,251 physician and advanced practitioner recruiting engagements between April 1, 2019 and March 31, 2020. Findings indicate a previously robust physician job market has softened since the onset of the pandemic, according to a news release.

“Over our 33-year history, most physicians had little difficulty finding a job opportunity, with multiple offers to choose from,” Travis Singleton, executive vice president with Merritt Hawkins/AMN Healthcare, says in the release. “Today, we are seeing a growing number who are unemployed with a limited number of roles available. This is unprecedented. COVID-19 essentially flipped the physician job market in a matter of 60 days.”

Read more details from the report here.

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