Cost Comparison Calculator Sources

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Other than hourly rates, hotel and car costs, which were acquired from the LocumTenens.com accounting department and teams, all other figures were acquired through secondary research, and are detailed below. Most of these are average nationwide rates, so wide variances will occur on things such as airfare.

The permanent salary, gross charges, retirement benefits and signing bonus data were derived from the most recent physician compensation report from the Medical Group Management Association (MGMA). MGMA is one of the leaders in benchmarking data for U.S. medical practices. The 2015 report represents 3,847 groups and 69,411 providers.

Permanent numbers include:

  • Annual Salary (2015 MGMA Compensation and Production Survey)
  • Tax (FICA Taxes [Social Security & Medicare])
  • Benefits (National Business Group on Health Benefits & Towers Watson & Co. 2015 Survey Report)
  • Retirement (2015 MGMA Compensation and Production Survey)
  • Placement Fee (2015 Association of Staff Physician Recruiters report)
  • Signing Bonus (2015 MGMA Compensation and Production Survey)
  • Licensing (Federation of State Medical Boards)
  • CME (Accreditation Council for Continuing Medical Education)
  • Workers Comp (MedPro market rates)
  • Malpractice Insurance (CNA Insurance Companies general rates)
  • Relocation (Atlas Van Corporate Relocation Survey)

Locum Tenens numbers include:

  • Rate (LocumTenens.com)
  • Travel (2013 Airlines of America average cost of 10 round-trip airline tickets)
  • Housing (LocumTenens.com)
  • Car (LocumTenens.com)
  • Malpractice Insurance (National Council on Compensation Insurance 2015 workers compensation rates)