More physicians are considering employment than ever before, but many have concerns about the hospital-physician employment arrangement. Due to our current physician shortage, competition continues to rise among healthcare organizations for physician talent. Organizations have an opportunity to stand out from their competitors by addressing physicians’ top employment concerns: the alignment of values, compensation stability, and the potential to influence decision-making.

Values

Physicians want to be a part of organizations that share their values as health care providers. Quality of care and patient satisfaction is important to them, and they want to work in an environment that supports improvement in these areas. Organizations can send the message that this is a top priority by linking compensation to quality metrics. 

Stability 

In a constantly changing industry, physicians want to know that they can rely on their employers’ compensation programs. Organizations can provide a sense of stability by offering programs designed to be financially sustainable. This not only addresses a major physician concern, it also helps administration with long-term planning. 

Influence

When contemplating employment, many physicians are uncomfortable with the idea of giving up their autonomy. Hospitals have the opportunity to demonstrate their respect for their physicians’ point of view by actively seeking their input. Inviting staff to take part in decision-making processes in the form of physician committees provides them with a platform for participation. 

By addressing physicians’ concerns, organizations can communicate their willingness to listen to their medical staff and address their needs. This goes a long way in establishing the kind of culture that’s going to attract top physicians and provide them with a rewarding working environment.