Physician compensation can be complicated. Payment models are complex, and many doctors – especially graduating residents who are transitioning to full-time employment for the first time – often rely on physician recruiters to explain the distinctions. A physician’s medical specialty, the geographic region of the position, and the market size can significantly impact compensation, as well as the type of practice. What part of a doctor’s compensation is guaranteed? What portion is based on production or a percentage of profits? These questions are essential in understanding compensation for physician candidates.