What You Should Know:
– Marit Health has announced the launch of its innovative community-powered, anonymous, and verified salary sharing platform for physicians and advanced practice providers (APPs).
– Developed by physicians and led by former Glassdoor and Transcarent executives, Marit aims to provide clinicians with free and real-time access to comprehensive compensation information, along with details on schedules, shifts, and benefits, empowering them to make more informed career decisions.
– Marit’s launch is supported by an initial $3.2M seed funding round, led by Define Ventures, with participation from leading physicians and technology entrepreneurs.
Addressing Clinician Workforce Challenges:
The clinician workforce faces significant challenges, including growing demand for healthcare, a shrinking workforce, and increasing administrative burdens. In this environment, clinician compensation has often remained stagnant and failed to keep pace with inflation. The lack of transparent data makes it difficult for clinicians to navigate the complex business and financial factors that influence their pay, leading to frustration and an exodus from the profession.
Marit’s Solution: Transparency and Community
Marit offers a unique solution by providing a community-powered platform built by and for clinicians, and always free to use. Its innovative “give-to-get” model collects compensation data directly from clinicians, offering an unprecedented level of transparency. This approach contrasts with existing solutions that often rely on broad averages and sit behind paywalls.
All contributions to Marit are anonymous and secure, ensuring clinicians retain full control over their data. The platform relies on the collective trust of thousands of clinicians coming together to bring transparency and shared knowledge to the profession.
Key Features and Data Provided by Marit
Marit provides clinicians with access to real, anonymized salaries and crucial details, including:
- Compensation structure & breakdown: Compensation model, base salary, RVUs & collection rates, bonuses, and additional incentives.
- New hire benefits: Signing and relocation bonuses, loan forgiveness, etc.
- Work structure & responsibilities: Practice setting, clinical vs. non-clinical breakdown, census, etc.
- Shift & call schedules: Call rates, overtime rate, pay differentials for nights, weekends, etc.
- Benefits & perks: CME allowances, PTO, malpractice coverage, retirement plans, and other special benefits.
- Clinician satisfaction: With total compensation and overall work structure and benefits.
Community-Driven Growth Traction
Marit has quickly gained traction, with 12,000 members joining the platform and contributing over 7,000 verified salaries. This rapidly growing, community-powered dataset provides clinicians with valuable insights to navigate the business of medicine, advocate for fair compensation, and build fulfilling careers.
“This funding enables us to accelerate growth of this community and create modern tools and resources needed to support clinicians at every stage of their careers—all while keeping Marit free for its members,” said Vikas Sabnani, co-founder and CEO of Marit. “Empowering clinicians with the information they need isn’t just about individual success—it’s about strengthening the core of our healthcare system. I saw this firsthand at Glassdoor—when candidates are well-informed and equipped to make better career decisions, it leads to higher retention, stronger engagement, and a more sustainable workforce for forward-thinking employers. This is even more critical in medicine, where career decisions are often longer-lasting.”
