Coronavirus: Physician compensation, job options falling
July 15, 2020

Recruiters are saying that the market for doctors has softened.

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

The report was prepared by physician search firm Merritt Hawkins and tracks a sample of 3,251 physician and advanced practitioner recruiting engagements between April 1, 2019 and March 31, 2020. It found that the previously robust physician job market has softened since COVID-19 began spreading, 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.”