MDNews - Long Island

Physician Signing Bonuses Set Record BY STEVE BARRETT PHYSICIAN SIGNING BONUSES THAT AVERAGED IN THE LOW-$20,000 RANGE IN 2011 STEADILY ROSE DURING THE INTERVENING YEARS TO A RECORD HIGH OF ALMOST $30,000 IN 2017, DALLAS-BASED HEALTHCARE RECRUITING ORGANIZATION THE MEDICUS FIRM NOTED RECENTLY IN ITS ANNUAL PHYSICIAN PLACEMENT REPORT. THE BIGGE ST SIGNING BONUS last year was $200,000, the report revealed. Almost 40 percent of placements were for primary care posi- tions, an increase from 35 percent in 2016. Internal medicine and hospitalist positions were second and third, respectively. Among The Medicus Firm's other fi ndings, which were based on placement data from more than 250 U.S. hospitals and healthcare systems in 2017: + Placements of foreign-trained physicians dropped from almost 32 percent in 2016 to 24 percent in 2017. + Placements of doctors of osteopathic medicine rose from 8 per- cent in 2016 to approximately 15 percent in 2017. + Almost 60 percent of 2017 placements were at hospitals. Group practices were second at 33 percent. + Nine percent of physicians received net income guarantees; 1.8 percent received gross income guarantees. "There were no huge surprises from the data this year as compared to recent years," Jim Stone, President of The Medicus Firm, stated in a news release about the report. "Primary care searches and placement activity continue to dominate a large proportion of healthcare hiring, and most employers continue to hire the majority of physicians into employment settings, as opposed to private practice or self-employment." n CORE Rao Wealth Partners is an independent firm with securities offered through Summit Brokerage Services, Inc., member FINRA and SIPC. Advisory services are offered through Summit Financial Group, Inc., a registered investment advisor. Summit is an independent broker-dealer with client assets held at First Clearing, LLC (a wholly owned Wells Fargo subsidiary). Summit and its affiliates are under separate ownership from any other named entity. You can name every bone in the body, but you can't name a single investment in your retirement account. It's time for a change. (212) 257-5794 www.raowp.com Individual Stock Selection | Corporate Retirement Accounts | Educational Savings Plans RAOWP_5H_058480082N_REV.indd 1 2/27/18 12:46 PM M D N E W S . C O M /// M D N E W S L O N G I S L A N D ■ 2 018 1 7

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