The Cost of Adding Additional Medical Staff

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Are you looking to add additional medical staff but cannot afford the cost of bringing in another physician? The utilization of physician’s assistants may be the solution to your predicament.

One huge advantage to adding physician assistants rather than physicians is that physician assistants have a high Return on Investment (ROI). According to the Medical Group Management Association (MGMA) Physician Compensation and Production Survey 2011 Report, the typical physician assistant brings in $241,000 in annual revenue with an average salary of only $86,687 (national average income).

After recovering salary, benefits, and incremental overhead, a typical physician assistant can boost the bottom line of a practice by an estimated $25,000 to $30,000 or more annually.

In addition, the average cost of recruiting a highly qualified physician assistant can run significantly less than the costs of recruiting a physician and licensing that physician on average.

Next time you consider adding a new provider, a physician’s assistant might be the solution.
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Mark Foutz is a Director of Business Development at Fidelis Partners.
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