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Compensation

PLEASE VISIT THE OPENINGS PAGE FOR MORE INFORMATION ABOUT COMPENSATION FOR VARIOUS PRACTICE OPPORTUNITIES.

Whether you’re looking into physiatry as a career or you are an established practitioner interested in a new position, compensation is a significant consideration that will guide your decision. This is our guide to everything you need to know about physiatry compensation. Farr Healthcare prides itself on relaying accurate and updated information regarding physiatry trends. Information ranges from compensation considerations, contribution articles from fellow physiatrists and others who work in the medical field and the recent physiatry trends and benefits for the year. With an accurate picture of the physiatrist salary landscape, you can confidently approach negotiations and ensure you will receive a physical medicine and rehabilitation salary on par with your skills and experience.

Spine Physiatry Compensation

Article about physiatry compensation with a picture of saving money in piggy banks  

A practicing physiatrist recently asked me about the best resources for interventional physiatry compensation information.  Here’s what I told him:

Physiatry Compensation and Bonus – RVU-based versus Income-based

With RVU-based compensation and bonus, either the practice or the employee may be shortchanged, as follows:

Practice has many low-reimbursing payors – Practice is short-changed

In practices with many self-pay (often becomes no-pay) or Medicaid patients (with its lower reimbursement), the practice may be shortchanged by tying compensation and bonuses to RVUs. Although the employed physician meets his RVU work requirement, the lower reimbursement will result in lower practice income which may be insufficient to cover the physician’s compensation and bonus.

Practice has many traditional reimbursing payors – Physician-employee is short-changed

In practices with a payor mix of traditional carriers (Medicare, BCBS), the employee [ . . . ]

Executive Physiatry Medical Director Compensation

Recently a physical medicine and rehabilitation physician asked me the average compensation for an Executive Medical Director job.  The vast majority of the physical medicine and rehabilitation positions we represent are clinical, not executive.  According to salary.com, the average Executive Medical Director salary is $359,636 as of December 27, 2022, and the salary range typically falls between $295,670 and $446,617.

One of the many current clinical Medical Director positions available now through Farr Healthcare, Inc. is in the Houston area.  This rehab hospital has great clinical outcomes and an outstanding reputation in the [ . . . ]

Compensation . . . It’s More Than The Salary Amount

Physiatry jobs, they come in many shapes and sizes but one factor, cost of living, can make all the difference in the world.  I’ll never forget a physiatrist with an opening in Las Vegas, NV.  He told me that because of the lower cost of living in NV, that a doctor moving from CA to NV could buy a new car every year!

Unlike other professions, physiatrists often receive greater financial income in pm&r jobs in less metropolitan areas.  The basis for this is the law of supply and demand; more physiatrists want [ . . . ]

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