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Financial incentives play a subordinate role in drawing doctors to a practice opportunity

MANAGED CARE May 1997. © MediMedia USA
Compensation Monitor

Financial incentives play a subordinate role in drawing doctors to a practice opportunity

MANAGED CARE May 1997. ©1997 Stezzi Communications

A recent telephone survey of 300 physicians completing residencies in primary care suggested that when it comes to choosing a practice opportunity, today's new doctors are swayed less by the financial perks they're offered than by practice characteristics such as a favorable location. Neither a $12,000 signing bonus nor the forgiveness of educational loans would have a "great effect" on their choice, most residents reported.

Residents' top considerations in choosing a practice opportunity

Respondents were instructed: "Other than quality of care provided, please rank the two most important considerations in your selection of a practice opportunity."

The role of bonuses and loan forgiveness in residents' practice choices

Respondents were instructed: "Please rank how the following two financial incentives would affect your decision to choose a particular practice opportunity."

SOURCE: MERRITT, HAWKINS & ASSOCIATES, IRVINE, CALIF.