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The Challenge

For the first time in history, there are more physicians employed by hospitals than by private practices. This cultural shift, combined with a growing physician shortage, has made it more challenging than ever to retain top physician talent. Our clients tell us that even their senior physicians are contacted weekly by recruiters. According to The New England Journal of Medicine, it is estimated that 25% of physicians leave a facility within their first three years of employment.

The loss of a physician is simply expensive. When you take into consideration onboarding, loss of productivity, recruiting searches, and signing bonuses, the loss of a physician can cost well over $500,000.

Our Solutions

We believe the solution lies in the implementation of dynamic and better-aligned compensation and benefit programs that are specifically designed to retain physician talent while driving revenue and reducing expenses.

While the national three-year physician turnover rate is 25%, hospitals employing a more balanced suite of rewards only experience a turnover rate of 3.8% over the same time period. With the cost of turnover estimated at $500,000 per provider, in a 10-member physician population, the cost savings can reach a million dollars every three years.

Physician Employment Strategies

How do You Win The Race For Physician Talent? LEARN MORE CONTACT US LEARN MORE CONTACT US Physician Employment Stratagies For the first time in history, there are more physicians employed by hospitals than by private practices. Combined with growing physician shortages and increased demand for care, this cultural shift has made retaining and recruiting…
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Want to learn more? Read our latest case study.

In our latest case study, learn how to reduce cost and distance yourself from the competition with compensation programs designed to attract and retain physician talent while driving revenue and reducing expenses.

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Compensation Strategies to Attract, Retain and Reward Your Physician Talent.

OUR OFFICE

Charlotte, NC

877-643-7520

800-314-8281

info@maxworthconsulting.com

Office Hours:
M-F 8:00am – 5:00pm EST

Charlotte, NC
P:  877-643-7520
F:  800-314-8281
info@maxworthconsulting.com
M-F: 8AM - 5PM

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