HCPro.com: Physician Compensation & Recruitment

June 2008 (Volume 9, Issue 6)	view entire issue

Survey reveals competitiveness of recruitment
It wasn't long ago that only rural facilities had serious problems recruiting physicians. Professional recruiters served more as redistributors helping to move physicians from larger, saturated markets to smaller communities and rural areas that had trouble bringing physicians in, says Jim Stone, managing partner at Medicus Partners, a Dallas-based physician recruitment firm. Now, physician recruitment is becoming competitive in all settings, and a snowballing physician shortage will make it even more difficult for practices and hospitals in the near future.

Oncologists explore new models to prepare for shortage
Compensation for oncologists has remained relatively flat in recent years, primarily because of reimbursement constraints and fluctuating drug costs that have overshadowed other market forces. But pay rates may soon spike, thanks to a shortage of physicians that will make supply and demand a more influential driver of compensation and recruitment. Oncologists/hematologists earned a median of $359,140 in 2006, an insignificant 0.07% increase from 2005, according to MGMA's 2007 Physician Compensation and Production Survey. The compensation increase from 2004 to 2005 was modestly better at 2.46%.

Integrating comp plans key to practice merger success
Medical practice mergers are quickly becoming one of the most popular ways for physicians to band together and develop a long-term strategy for dealing with major strategic issues, such as reimbursement negotiations with third-party payers, developing ancillary services, purchasing and implementing information technology (including electronic health records), and dealing with hospitals from a position of greater influence and strength. Combining practice operations allows former stand-alone practices to achieve strength in numbers and compete in today's marketplace.

Other recently-published articles from Physician Compensation & Recruitment:

OIG, CMS promise increased scrutiny. Are you prepared yet?

Low reimbursement depresses compensation

Experts: Economic woes, physician demand, wRVUs to figure prominently in 2009

In debt, heavily recruited, and aware of their value, residents are making their career decisions earlier

High demand, increased procedures drive compensation

Hospitals turn to employment model as on-call solution

Low compensation continues to create challenges

On-call pay trends begin to stabilize, survey finds

Recruiters seek efficiency in ailing economy, tight market

Low comp creates geriatrician shortage as population ages

Primary care reports bigger compensation increases than normal as specialists struggle to keep pace with inflation

IPPS, fee schedule contain new Stark changes

’Float pool’ offers alternative to locum tenens

Choose the right on-call comp model for your hospital

IMG physicians can ease looming shortage

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