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December 10, 2018

The 10 cities where physician pay is growing fastest, according to Doximity

Daily Briefing

    Physician demand grew by 7% nationwide in 2018, outpacing 2017—with some areas of the country showing growth as high as 20%, according to a new report from Doximity, a social networking platform for doctors.

    According to the Bureau of Labor Statistics, job growth in the U.S. health care sector is expected to outpace all other sectors through 2026 because of the United States' aging population. "As the U.S. population ages and the number of Americans over 65 increases, the need for more physicians will likely expand and drive up employment opportunities and compensation in concert," the Doximity report said.

    Report details

    For the report, Doximity evaluated the number of open job postings for physicians on its platform in various metropolitan areas in 2017 and 2018. The report found that the number of open job postings grew by 7% nationwide, with larger increases in certain areas. According to the report, the 10 areas that experienced the largest increases in open job postings for physicians were:

    1. Tucson, Arizona, at 20%;
    2. Los Angeles, at 19%
    3. Chicago, at 19%;
    4. Little Rock, Arkansas, at 18%
    5. Baltimore, at 17%;
    6. Albuquerque, New Mexico, at 9%;
    7. Charlotte, North Carolina, at 8%;
    8. Seattle, at 6%;
    9. Virginia Beach, Virginia, at 6%; and
    10. St. Louis, at 3%.

    The report also listed the specialties that had the most open job postings on Doximity in 2018. According to the report, the top 10 most in-demand specialties were:

    1. Family medicine;
    2. Internal medicine;
    3. Emergency medicine;
    4. Psychiatry;
    5. Obstetrics & Gynecology;
    6. Neurology;
    7. Radiology;
    8. Gastroenterology;
    9. Geriatrics; and
    10. Pediatrics.

    The report also compared compensation growth with demand in various areas, and found that high demand for physicians did not always correlate with higher pay. In addition, the report found that compensation growth for physicians varied among states from 2017 to 2018. According to the report, the top 10 areas where compensation growth for physicians was the highest between 2017 and 2018 were:

    1. Fresno, California, at 15%;
    2. New Orleans, at 15%;
    3. Fayetteville, Arkansas, at 13%;
    4. Albany, New York, at 13%;
    5. Baltimore, at 12%;
    6. New Haven, Connecticut, at 12%;
    7. Dallas, at 9%;
    8. Albuquerque, New Mexico, at 8%;
    9. El Paso, Texas, at 8%; and
    10. Boston, at 7%.

    The report concluded that "other factors beyond the parameters of this study are impacting growth in compensation packages" (Doximity report, December 2018; Liss, Healthcare Dive, 12/5).

    How to drive engagement across physicians’ first 90 days

    Hospitals increasingly employ physicians but continue to struggle with engagement and turnover. Robust physician onboarding is leaders’ critical opportunity to sustain—and build on—new hires’ naturally high engagement levels during their first year of tenure.

    Download this infographic to learn how to drive engagement across physicians’ first 90 days at your organization and beyond.

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