What Does PSP Stand For?
PSP stands for Physician Special Pay
Physician Special Pay (PSP) is a financial incentive program designed to attract and retain highly qualified medical professionals in areas of critical need within the healthcare system. This compensation initiative offers additional financial rewards to physicians who serve in specific medical specialties or geographic locations, addressing workforce shortages and enhancing the quality of care provided to patients. The PSP aims to ensure that skilled healthcare providers are available to meet the demands of diverse medical settings while promoting career satisfaction and stability for physicians.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym