Medscape Reports New Survey Shows COVID Tied to Big Turnover of Docs

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A Year of COVID Tied to Big Turnover Among Employed Docs: Survey

Expect more turnover among employed physicians, says Jackson Physician Search, a leading recruitment firm. And the turmoil in the field is at least partly due to the extra burden the COVID-19 pandemic has placed on clinicians, according to new survey data.

Based on survey responses from 400 practicing physicians and 86 administrators of healthcare organizations, a Jackson report finds that 54% of employed doctors are ready to make major career decisions. Of those physicians, 50% said they’re planning to switch employers; 21% are opting for early retirement, and 15% intend to quit medicine. The rest have other plans.

Thirty percent of the administrators said they’d already lost physicians during the pandemic. Coupling that with the physician responses to other questions, the Jackson report commented, “It appears a mass exit of talent is yet to come.”

(cont. on medscape.com)

Read the Entire Article on Medscape.com

Need Help Recruiting Physicians, Physician Leaders, and Advanced Practice Providers? 

Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

Executive Partnership Between MGMA and Jackson Physician Search Enhances Physician Recruitment and Retention

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Englewood, Colo. and Atlanta (March 8, 2021) – Medical Group Management Association (MGMA) and Jackson Physician Search, a firm specializing in the permanent recruitment of physicians, physician leaders and advanced practice providers throughout the U.S., today announced an extended executive partnership to provide physicians and medical practices with consultative resources and recruitment solutions to operate more efficiently and optimize the level of care to patients.

As a trusted organization of more than 40 years, Jackson Physician Search implements proven recruitment methodologies coupled with personalized service. Despite challenges brought on by COVID-19, the firm has continued to be successful in helping MGMA members fill key provider and leadership positions.

The demand for physicians continues to outpace supply, which has exacerbated staffing shortages in medical practices for years. Physician vacancies have been particularly troublesome during the pandemic, as physicians are already facing increasing levels of stress, disengagement and burnout. Asking physicians and their teams to pick up further slack to help ensure high-quality levels of patient care and satisfaction could put medical practices at risk of losing their physicians to early retirement or another employer in the long run. This is why accelerating the recruitment cycle has become imperative.

“When we transitioned to a 100% digital sourcing model more than a decade ago, we were driven by our commitment to providing a more effective, efficient and transparent recruitment experience for our healthcare partners,” said Tony Stajduhar, president of Jackson Physician Search. “Looking back at 2020, during a time when there were fewer recruitment engagements across the industry, this strategic shift in candidate acquisition enabled us to make a record number of placements and perfectly positioned our clients to continue filling critical vacancies.”

To help physicians and medical practices as they recruit and hire talent, MGMA and Jackson Physician Search have created resources to address the tight physician market, the competitive landscape, and hiring during and after the pandemic.

Additionally, Jackson Physician Search was a key contributor to MGMA’s Medical Practice Excellence Conference, A Virtual Experience, in October 2020, sharing educational sessions on physician staffing, upcoming physician retirements and improving the physician interview experience, while facilitating discussions about physician burnout and wellness during COVID-19 and in the post-pandemic world.

“Last year, when physicians and their medical practices needed frontline help, advice and resources, we partnered with Jackson Physician Search to provide support and tools that helped our members overcome financial and operational hurdles,” said Halee Fischer-Wright, MD, MMM, FAAP, FACMPE, president and CEO of MGMA. “Our goals are well aligned, and I look forward to continuing our partnership to help practices recover and recruit so they can be successful in their markets.”

Set to be released in Fall of 2021, the organizations are partnering to gather original quantitative and qualitative research and data on physician and advanced practice provider (APP) staffing. The focus will be on addressing the toughest industry challenges to help medical practices recruit the physicians and APPs needed to meet patient demand and achieve or exceed revenue goals.

For more information on MGMA’s executive partnership program, click here.

About Jackson Physician Search
Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

About MGMA

Founded in 1926, the Medical Group Management Association (MGMA) is the nation’s largest association focused on the business of medical practice management. MGMA consists of 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA helps nearly 60,000 medical practice leaders and the healthcare community solve the business challenges of running practices so that they can focus on providing outstanding patient care. Specifically, MGMA helps its members innovate and improve profitability and financial sustainability, and it provides the gold standard on industry benchmarks such as physician compensation. The association also advocates extensively on its members’ behalf on national regulatory and policy issues. To learn more, go to MGMA.com or follow us on LinkedIn, Twitter and Facebook.

Jackson Physician Search White Paper on Physician Retention Featured in Fierce Healthcare Article

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COVID-19 is exacerbating physician retention and burnout. Here are some tips to address it.

A surprisingly large percentage are considering leaving the practice of medicine entirely, planning to retire early, or leaving to work for another employer, based on a survey of 485 physicians and administrators by Jackson Physician Search.

COVID-19’s impact on front-line healthcare staff will unfold for years to come, but it appears to have already had an effect on physicians’ career plans, according to a new survey.

A surprisingly large percentage are considering leaving the practice of medicine entirely, planning to retire early, or leaving to work for another employer, based on a survey of 485 physicians and administrators by Jackson Physician Search.

The financial realities of physician turnover are staggering. Recruitment costs can add up to $250,000 or more per physician, including sourcing, relocation, and sign-on bonus, according to the survey. Plus, lost revenue can easily exceed $1 million during a specialist vacancy.

(cont. on fiercehealthcare.com)

Read the Entire Article on FierceHealthcare.com

Need Help Recruiting Physicians, Physician Leaders, and Advanced Practice Providers? 

Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

New Study from Jackson Physician Search Reveals 69% of Physicians Disengaged; 54% Say COVID Driving Change in Job Plans

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ATLANTA, Feb. 25, 2021 – The impact of COVID-19 on frontline healthcare staff will likely be felt for years, but one group that may be in crisis are physicians, nearly 70% of whom now say they are actively disengaged from their employers. This is among several key findings from a new survey conducted by Jackson Physician Search, a national physician recruitment firm.

The same study found that 54% of physicians surveyed said COVID-19 has changed their employment plans. Of those, 50% are considering leaving for a new healthcare employer, 21% said they may hang up their white coat for early retirement, and 15% are thinking about leaving the practice of medicine entirely. These results suggest that the practice of how the healthcare industry engages and retains physicians needs an intervention.

“Prioritizing physician engagement and retention is critical to the well-being of physicians, their patients and the healthcare organizations they serve,” said Jackson Physician Search President Tony Stajduhar. “The burnout physicians feel today is only exacerbated by long-standing doctor shortages and the perception by physicians that healthcare facilities rarely have a plan in place to retain them.”

In the survey, conducted during Q4 2020, 83% of physicians said their employers have no retention program. However, administrators had a different take, with only 30% reporting that there was no program in place. More concerning, physicians and administrators both felt that even when a retention program did exist, it wasn’t favorable. Only 2% of physicians and just 10% of administrators rated it highly.

“A single physician vacancy can easily cost a healthcare organization $1 million in lost revenue, which has a detrimental impact on already financially struggling hospitals and medical practices,” Stajduhar added. “When you also consider that recruiting a culturally aligned physician can take up to 6-12 months and cost $250,000 or more – including sourcing, relocation and sign-on bonus – greater emphasis on retaining physicians is key to meeting the healthcare needs of Americans now and into the future.”

Administrators recognize the need and have long attempted to devise retention programs, but it appears that physicians have deemed these efforts as largely ineffective or, at a minimum, poorly communicated.

Responses to the survey were received from 400 physicians across a range of specialties and from 86 healthcare administrators from throughout the country. Findings from the study are detailed in the new paper titled “On the Verge of a Physician Turnover Epidemic: Physician Retention Survey Results.” Released this week, some key takeaways include:

  • Formal physician retention programs are rare, and physicians have taken notice. Just 12% of physician respondents said their employers have an informal, unwritten retention program, and only 5% reported that there is a formal, written program in place.
  • 1 in 3 physicians receive no formal orientation upon joining their employer. Orientation is critical to physician performance and retention. However, 32% of physician respondents said no formal orientation is in place.
  • Physicians report being disengaged, while employers are more optimistic. Physicians and administrators were asked to rate physician engagement. Of those who responded, 69% of physicians rated themselves as actively disengaged, while administrators said only 35% of their physicians felt this way.
  • 28% of physicians say there are no programs in place at their organization to deal with burnout. For those who did have access to programs that are designed to mitigate burnout, the most common options were wellness and mental health initiatives.

“It’s difficult to read some of the physicians’ comments throughout the survey, especially knowing the unimaginable sacrifices they’ve made and continue to make to see us through the pandemic,” noted Stajduhar. “They’re struggling. But we’re hopeful that with vaccines now being rolled out, a renewed emphasis will be placed on developing strategies to effectively engage physicians and mitigate burnout, both of which contribute to stronger physician retention and lifelong, fulfilling medical careers.”

The complete report on the survey results is available here.

About Jackson Physician Search

Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

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For More Information, Contact:

Kristen Myers

kmyers@jacksonphysiciansearch.com

Healthcare Innovations Highlights Insights from a New Jackson Physician Search Survey

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Is Healthcare on the Verge of a Physician Turnover Epidemic?

A new survey gathered insights from physicians and healthcare administrators on a variety of employment-related issues.

The impact of COVID-19 on front-line healthcare staff will likely be felt for years, and the findings from a recent survey of physicians bring up a key question: is the healthcare industry on the verge of a physician turnover epidemic?

The survey, conducted by Jackson Physician Search, a national physician recruitment firm, included responses from 400 physicians across a range of specialties, and from 86 healthcare administrators from throughout the U.S. The study revealed several insightful findings, including:

  • Nearly 70 percent said they are actively disengaged from their employers. Interestingly, when administrators were asked the same question, they said only 35 percent of their physicians felt this way.
  • 54 percent of physicians surveyed said COVID-19 has changed their employment plans.

(cont. on hcinnovationgroup.com)

Read the Entire Article on hcinnovationgroup.com

Need Help Recruiting Physicians, Physician Leaders, and Advanced Practice Providers? 

Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

Tony Stajduhar Published in MGMA Connection – Tight Physician Market in a Post-COVID-19 World Calls for Competitive Compensation

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The year 2020 has been a remarkably challenging period for the healthcare industry, with intense pressure on physicians during the COVID-19 pandemic. Doctors have learned to cope with new safety protocols, while much of the industry has absorbed the financial impact of reduced elective procedures and patient volumes. And those providers on the frontlines of acute care have worked tirelessly helping patients in need, risking their health in the process.

In an average year, approximately 6% to 7% of the physician workforce changes jobs or location, meaning approximately 50,000 physicians will accept new positions in 2020 alone.1 Even in today’s softer recruitment environment in which more doctors are temporarily available, hiring remains a sizeable investment — up to $250,000 for a single candidate when you factor marketing, sign-on bonus, relocation stipend and other expenses.2 Interview costs alone can total approximately $30,000 per candidate.3

It’s also a time-consuming ordeal, requiring 7.3 months on average to fill a family medicine role and 7.9 months for a surgical specialist such as a cardiologist, according to Jackson Physician Search’s Recruitment ROI Calculator. Respectively, those vacancies can lead to $503,000 and $1,607,000 in lost revenue for a medical group.

Demographic trends are contributing to a growing doctor shortage: Some estimates suggest that 30% of the physician population is at or near retirement age. Combine that with the prohibitively large costs involved in training to be a doctor and decades of student loan debt, and we are seeing an ever-increasing void in the specialist community.

As the business of healthcare returns to relative normal, it is the ideal time to resuscitate your physician recruitment process. Searches have decreased as much as 25% to 50% for some healthcare organizations and medical groups. Operational cutbacks and mandates to cancel or delay elective surgeries have meant that overall revenues are down, making recruiting of non-essential employees a lower priority. But essential physicians remain in high demand.

(cont. on MGMA.com)

Read the Entire Article on MGMA.com

Need Help Recruiting Physicians, Physician Leaders, and Advanced Practice Providers? Learn about Jackson Physician Search’s Executive Partnership with MGMA.

Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

2020 AAPPR Physician Recruitment Search Success Survey Report

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Sponsored by Jackson Physician Search, the Association for Advancing Physician and Provider Recruitment (AAPPR) surveyed in-house physician recruiters just prior to the pandemic taking hold in the U.S. to learn about the factors that may have impacted recruitment success.

With time-to-fill increasing an average of 10 days over the past five years, this timely report offers insight on how culture, compensation, and location may influence your organization’s ability to recruit. A few key findings include:

  • 10% said their organizations are “world-class” in terms of overall efficiency at filling searches.
  • 72.3% agreed their C-Suite enhances the recruitment process.
  • 35% rated planning for workforce succession as somewhat below average or poor.

Go to the AAPPR website to download the full Physician Recruitment Search Success Survey.

 

About Jackson Physician Search
Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

Jackson Physician Search Named a Great Place to Work-Certified Company 2020-21

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Based on associate feedback on the Trust Index™ survey, Jackson Physician Search has earned the distinction as a Great Place to Work®- Certified Company for July 2020 – July 2021. A review of the ratings can be found on the firm’s Certified Company Profile.

Jackson Physician Search continues to be recognized as a superior workplace. The physician recruitment firm recently was included for the fifth consecutive year on Modern Healthcare’s Best Places to Work in Healthcare List.

“It’s an honor to work with this extraordinary team, whose dedication to excellence has propelled us to become the fastest growing and most respected permanent physician search firm in the industry,” said Tony Stajduhar, president, Jackson Physician Search. “As everyone continues to navigate the pandemic, we have leaned on our recruitment expertise to continue to serve our healthcare partners and physician candidates in the manner in which they have come to trust. And, we have done so with an extra dose of much-appreciated empathy.”

According to the Trust Index™ Survey, 98 percent of Jackson Physician Search associates say it is a great place to work. Here are some additional findings:

  • 100 percent report being proud to tell others they work here.
  • 100 percent say when you join the company, you are made to feel welcome.
  • 100 percent find that when people change jobs or work areas, they are made to feel right at home.

About Jackson Physician Search
Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

 

 

Jackson Physician Search Recognized as a 2020 Best Place to Work in Healthcare by Modern Healthcare for the Fifth Year In a Row

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ATLANTA (July 22, 2020) –  Jackson Physician Search today announced that it has been named to Modern Healthcare’s 2020 Best Places to Work in Healthcare. A supplement that features the ranked list of all winners will be published by Modern Healthcare as part of its October 12 issue. Until then, companies that are part of this year’s awards program are listed in alphabetical order at www.ModernHealthcare.com/bestplaceslist.

“It has been an especially trying year for the world, and healthcare in particular, as COVID-19 ravages our communities and workplaces,” said Aurora Aguilar, Modern Healthcare‘s editor. “But the organizations recognized on this year’s list rose to the top and continued to be a source of strength for their teammates. They have seen their colleagues fall ill to the virus and struggled with the economic impact of the pandemic. The loyalty and trust between employers and their workers are being put to the test now more than ever. We congratulate the Best Places to Work in Healthcare for continuing to serve their workforce and communities during such an unprecedented time.”

“We’re honored that Jackson Physician Search has been included in Modern Healthcare‘s Best Places to Work in Healthcare list for the 5th consecutive year. With COVID-19 affecting how hospitals and medical groups recruit physicians, we’ve worked hard to empower our team to meet our clients’ needs without interruption,” added Tony Stajduhar, president, Jackson Physician Search. “It’s a tribute to the work ethic and dedication of our team that we are still hiring amid the pandemic, and experiencing the comradery and engagement of our associates working together to serve clients, while balancing remote work and future unknowns.”

Modern Healthcare’s Best Places to Work in Healthcare program identifies and recognizes outstanding employers in the healthcare industry nationwide. It partners with the Best Companies Group on the assessment process, which includes an extensive employee survey.

Jackson Physician Search will find out its ranking on the Best Places to Work list and be celebrated at the 2020 awards gala, which will take place virtually on October 8 in conjunction with the Workplace of the Future Conference. Information about the award celebration and conference is available by clicking here.

About Jackson Physician Search
Jackson Physician Search is an established industry leader in physician recruitment and pioneered the recruitment methodologies standard in the industry today. The firm specializes in the permanent recruitment of physicians, physician leaders and advanced practice providers for hospitals, health systems, academic medical centers and medical groups across the United States. Headquartered in Alpharetta, Ga., the company is recognized for its track record of results built on client trust and transparency of processes and fees. Jackson Physician Search is part of the Jackson Healthcare® family of companies. For more information, visit www.jacksonphysiciansearch.com.

For More Information, Contact:

Kristen Myers

kmyers@jacksonphysiciansearch.com

2020 AAPPR Physician Recruitment Workplace Satisfaction Report

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Sponsored by Jackson Physician Search, the Association for Advancing Physician and Provider Recruitment (AAPPR) conducted a survey about in-house physician recruitment workplace satisfaction.

In-house recruiters face the tough challenge of recruiting physicians where there are often more roles than candidates available. In this survey, you’ll find how their job satisfaction and plans to remain in their current position may be influenced by the physician shortage, overall workload, leadership concerns, and more. Key findings include:

  • Finding candidates was the #1 most challenging aspect of a recruiter’s job, with leadership cited as #2.
  • 75% reported a high degree of stress and heavy workload.
  • 41% plan on leaving their current organization within three years.

Go to the AAPPR website to download the full Physician Recruitment Workplace Satisfaction Report.