Written by Reed Tinsley, CPA | March 30, 2007 A good physician is worth the price Physician practices like yours are struggling to attract and retain qualified doctors. During a physician shortage, top doctors have more job offers and increased leverage in determining compensation. In this competitive recruiting environment, it may be tempting to hire the first doctor willing to sign on. But doing so not only puts your practice at risk, it also undermines the quality of care your patients receive. However, a prolonged vacancy also hurts your bottom line and can drive patients to seek treatment elsewhere. Get strategies for recruiting success Join HealthLeaders Media April 10 for the live audioconference, Design a Compensation Package to Recruit Top Doctors. This 60-minute program will offer practical tips on how to create a competitive compensation offer to potential hires. Learn how not to oversell or undersell a physician on your facility, and get advice for closing the right deal. Our expert speakers will outline strategies for getting physicians to accept your offer, and will address the differences between primary care recruitment and specialty recruitment. Yes! I want to register—how do I sign up? TAKE A LOOK AT THE AGENDA Determining primary compensation levels External benchmarks: National and regional salary surveys Internal benchmarks: Current physicians’ salary history Determining supplemental compensation incentives Malpractice insurance/tail coverage Relocation bonuses Signing bonuses Loan repayment Presenting the compensation package Identifying a point person for negotiations Non-negotiable items (e.g., non-compete clause, fringe benefits coverage, etc.) Negotiable items (e.g., office hours, outside income limits, academic appointments, etc.) Live Q&A LEARNING OBJECTIVES At the conclusion of this audioconference, participants will be able to understand the marketplace create a compensation package to attract physicians present a compensation package in an attractive manner Yes! I want to register—how do I sign up? { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.rtacpa.com/upcoming-physician-compensation-seminar/" }, "headline": "Upcoming Physician Compensation Seminar", "description": "Learn strategies to recruit top doctors with competitive compensation packages. Join our live audioconference for expert tips on attracting and retaining qualified physicians.", "image": "", "author": { "@type": "Person", "name": "Reed Tinsley", "url": "https://www.rtacpa.com/author/reed/" }, "publisher": { "@type": "Organization", "name": "REED TINSLEY, CPA", "logo": { "@type": "ImageObject", "url": "https://www.rtacpa.com/wp-content/themes/reed-tinsley/assets/media/Reed-Logo.svg" } }, "datePublished": "2007-03-30", "dateModified": "2024-08-23" } About the AuthorReed Tinsley CPAThis article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation. .author-info h3 { font-weight: 700; color: var(--dark-blue); margin: 0; } .author-info { display: flex; flex-direction: column; gap: var(--mp-s); margin: var(--mp-m) 0; border: 1px solid var(--dark-blue); padding: var(--mp-m); line-height: 1.8; background: #F1F2F2; } .author-info--title { display: flex; gap: var(--mp-s); } .author-info--photo { border-radius: 500px; width: 100px; } .author-info a { color: var(--dark-blue); } .author-info a:hover { color: var(--blue); } Have questions? I’m here to help. 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