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)

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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.