Addressing physicians’ top employment concerns

Addressing physicians’ top employment concerns

concept of checkboard pencil1

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.

 

REQUEST OUR CASE STUDY

Complete the form below and receive a copy of our physician employment case study.
Something went wrong. Please check your entries and try again.

Want to Learn More?

Three insights that will transform the way you work with physicians

Three insights that will transform the way you work with physicians As a part of our work designing and implementing call pay programs at healthcare organizations, we routinely facilitate Physicians’ Call Committee meetings. Over the past thirteen years, we’ve met with with over 4,000 doctors at hospitals of all sizes…

The rising cost of call pay can be unsustainable, even for large health systems

The rising cost of call pay can be unsustainable, even for large health systems The rising cost of call pay is well documented. According to a 2014 Sullivan Cotter survey, the average hospital’s call pay expense rose 50% from 2012-2014, and it has continued to rise in the years since.…

Call Pay: An Unlikely Path to Financial Stability

Call Pay: An Unlikely Path to Financial Stability The traditional approach to call pay allows the expense to become an unpredictable liability. Since the passage of EMTALA, there has been a steady increase in physician demands for call compensation. Hospitals often feel they have no choice but to give in…

Incentive pay on the rise for executives

Incentive Pay is on the rise for executives A recent B.E. Smith report on healthcare compensation illustrated a growing trend towards incentivized executive compensation. Now 57% of healthcare organizations have executive compensation programs that incorporate at-risk incentivized rewards, and over the past year, the percentage of healthcare executives who received…