Competition forces industry to up the recruitment ante
Medical Staff Briefing, December 1, 2009
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If bending over backward hasn’t always been part of the physician recruitment process, it certainly is today. The physician shortage has put increasing pressure on hospitals to ratchet up their recruitment offerings, including sign-on bonuses, income guarantees, generous salaries, and housing assistance.
According to the “2009 Review of Physician and CRNA Recruiting Incentives,” a Merritt Hawkins & Associates survey of 3,288 physician and certified registered nurse anesthetist (CRNA) placement searches, reveals that more hospitals are offering monetary incentives to attract physicians.
For example, 1,650 hospitals offered sign-on bonuses to physicians in 2005/2006, rising to 2,795 hospitals in 2008/2009, according to the survey.
This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to Medical Staff Briefing.
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