"The candidate-to-open-job ratios for primary care physicians are astounding, requiring healthcare employers who want to successfully compete for these doctors to be more creative and flexible in the design of job offers," said
Compensation and Perks on the Rise for Primary Care Physicians
Compensation for primary care physicians is on the rise with average starting salaries of
A survey of 764 Family Medicine residents conducted by
The vast majority of family medicine residents expect malpractice insurance (76.2%), medical insurance (70.2%), vacation time (68.8%), and even tail coverage (68.1%), according to the survey. What makes a job offer stand out by today's standards are benefits that go beyond the norms, such as:
- Loan forgiveness
- Early stipends to doctors coming out of residency
- Housing allowances or mortgage assistance
- Sizable retention bonuses paid at the conclusion of year one and year two
Making a Less Desirable Job Location More Attractive
Half (50.0%) of family medicine residents prefer to work in a suburban community, followed by rural (27.0%) and metropolitan (23.3%) communities. In addition, single-specialty (46.2%) and multi-specialty (43.0%) groups were ranked as the most desirable practice settings, followed by integrated delivery system (25.8%), hospital (24.7%), health system (19.4%), solo practice (18.3%), and managed care (8.6%).
With an abundance of career options available to primary care physicians, hospital and healthcare facilities in rural or otherwise recruitment-challenged markets, must go even further to attract candidates. In addition to paying higher salaries and bonuses, offering a shorter work week (47.2%) and a better call schedule (39.3%) are attractive incentives. Other trends observed by
"Forward-thinking healthcare employers look at the employment package as a whole; They understand that market dynamics are rapidly changing and what was competitive six weeks ago may no longer be competitive, and are willing to be responsive and creative to secure the right candidate," said Weis.
In addition, refining a physician search to emphasize those who have had a personal connection to the region significantly increases the probability of making a hire. Family resident physicians reported that when considering relocating for a job the factors most important to them are: being close to family (77.3%), lifestyle preferences (53.4%), personal ties to the area (34.1%), and having been trained in the area (29.6%).
For more information on the
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cejka-search-releases-benchmark-data-for-hiring-family-medicine-doctors-amid-acute-and-growing-shortage-300326547.html