January 21, 2025 Healthcare Facilities, Insights In rural communities, access to specialized medical care can be a challenge. From staffing shortages to limited resources, these hospitals often face unique obstacles in providing high-quality care to their patients. One area where these challenges are particularly apparent is in anesthesia services. However, Certified Registered Nurse Anesthetists (CRNAs) play…
Healthcare organizations spend upwards of $50,000 for a single recruiting search on a physician – but the “cost” of lost revenue from vacancies can be much higher and more challenging for rural facilities
1. Physician recruiting fees can be up to 35% of annual salary The search consulting firm Siter-Neubauer & Associates says physician recruiting fees can be as much as 35% of one year’s salary, but there are also hidden costs that can add up. For example, provider vacancies leave gaps in patient care, which in turn, leads to gaps in…
Understanding the Cost Landscape of Physician Recruitment The cost of recruiting a physician can vary considerably, ranging from $180,000 to $250,000 and encompassing both direct and optional expenses. Here’s a breakdown of the primary cost components: Direct Costs: Search Firm Fees or In-House Staff Costs: $18,000 – $35,000 Sourcing and Marketing Costs: $6,000 – $12,000 Candidate Site Visit/Interview Expenses: $9,000…
Here are the key statistics from the article: Physician Shortage By the end of 2024, the U.S. is projected to face a shortage of up to 64,000 physicians. By 2036, this deficit could grow to as many as 86,000 physicians. About 20% of clinical physicians are aged 65 or older, nearing retirement. Physician Turnover 35%…
2024 Review: New Engagement Trends & Metrics from the Physician and Advanced Practitioner Recruiting Landscape Every year for the last 31 years, AMN Healthcare’s Physician Solutions Division (formerly known as Merritt Hawkins) has released a report providing detailed data and analysis on physician recruiting trends and metrics nationwide. The 2024 Review of Physician and Advanced Practitioner…
The Actual Cost to Recruit a Physician in 2024 Paul Olzak, MBA, CPRP Recruiting a physician is a strategic investment in the future of your healthcare organization. While the process involves significant financial resources, finding the right candidate from the start can lead to substantial long-term savings. The True Cost of Physician Recruitment Understanding the…
Psychiatry Recruitment: How Supply and Demand are Changing the Game for Employers As the thought leader in its field, AMN Healthcare produces a series of surveys, white papers, speaking presentations and other resources intended to provide insight into physician and APP supply and demand, compensation, practice patterns, recruiting strategies and related trends. Our recently published white paper, Psychiatry:…
Effectively Recruiting Urologists Amidst a Nationwide Shortage Staffing urologists has become a growing challenge for healthcare organizations, with demand outpacing supply in many regions. The combination of an aging workforce, increasing patient needs, and a limited pipeline of new specialists has created a competitive landscape for recruiting and retaining top talent. These challenges directly impact…
Florida has officially become a member of the Interstate Medical Licensure Compact (IMLC), offering a streamlined process for acquiring a medical license across multiple states. This opens up new opportunities for medical professionals seeking licensure in various participating states.
