Community Culture: A Top Chysician concern

By: Leah Worthy

Group of medical professionals brainstorming in a meeting. Team of healthcare workers discussing in boardroom, with female doctor presenting her plan.

A recent Jackson Physician Search survey polled rural physicians and administrators on the factors that influence recruitment. While both parties agreed that compensation is a top influencer, it was their differing opinions that revealed the more interesting insights. For example, administrators underestimated the importance of culture-related factors like autonomy and leadership opportunities. In fact, only 28% of physicians ranked compensation higher than community culture. 

 

Tony Stajduhar, president of Jackson Physician Search, said, "Compensation will always be a driving factor in recruitment and retention, but this survey confirms how a variety of less easily quantified factors play as important a role in rural physicians' practice location decisions. It's vital for hospital administrators to understand that physicians place heavy emphasis on other aspects such as community and workplace culture…” 

 

Compensation and culture go hand-in-hand

 

We’ve long believed that compensation and culture go hand-in-hand. That’s why all of our compensation programs are designed to support medical staff alignment and positive working environments.  

 

Our Call Pay Solution does this by turning call pay, which is a historically divisive topic, into a tool for alignment by providing a platform for physician participation and establishing a fairness standard for all call pay arrangements. 

 

Our Physicians’ Advantage Plan builds trust between an administration and its medical staff by making it easier for the hospital to offer meaningful rewards while containing costs.  

 

Similarly, our Physician Employment Strategies fosters alignment by allowing hospitals to maximize the impact of employed physician compensation. 

 

Finally, our Hospital Executive Advantage Plan supports culture by promoting continuity in top leadership positions.

 

Whenever compensation is thoughtfully designed, it can build trust between staff and administration. This leads to improved alignment and physician engagement, the benefits of which are nearly endless. Ultimately, a positive culture touches every aspect of an organization’s wellbeing, and now we know it is also one of the top influencing factors in recruitment. 

REQUEST OUR WHITE PAPER

Complete the form below and receive a copy of our latest white paper, The Call Pay Solution: Stabilizing budgets with a fair and sustainable approac
Something went wrong. Please check your entries and try again.

Want to Learn More?

The Anonymous Physician on Retention

The Anonymous Physician:  Physician Retention The Anonymous Physician column provides physicians with a platform to discuss pressing issues in healthcare. From time to time, we pose a question to a doctor, or a group of doctors, and post their answers anonymously, giving them the freedom to be frank and uninhibited.…

Aligning executive compensation can aid in hospitals’ recovery

Aligning executive compensation can aid in hospitals’ recovery Healthcare organizations are looking to their boards to help guide them through the transition into a post-pandemic world. Becker’s recently highlighted the top five concerns healthcare boards have as they plan for recovery and a return to normal. One of them is…

Physician input leads to fairness

Physician input leads to fairness Hospitals often rely on Fair Market Value (FMV) surveys to help them determine how much to pay physicians for services like taking unassigned call. While these surveys are a good place to start, they’re also problematic. Most of the hospitals we visit would only be…

Physician retention hinges on communication

Physician retention hinges on communication The rise in hospital employment, combined with physician shortages, has made physician recruitment more competitive than ever for hospitals. Many are struggling to find ways to distinguish themselves in a crowded and heavily regulated market.    Given the amount of resources going toward recruitment, it…

Struggling healthcare organizations need sustainable solutions

Struggling healthcare organizations need sustainable solutions The economic impact of the pandemic has been hardest on hospitals in rural and underserved communities, many of which were already struggling to remain viable due to pre-pandemic financial strain.     Mercy Hospital, the oldest in Chicago, announced this week that it has…

A practice transition strategy that safeguards autonomy

A practice transition strategy that safeguards autonomy The prevalence of mergers and acquisitions in the healthcare community is showing no signs of waning. The 2020 Kauffman Hall M&A report stressed the remarkable nature of the fact that M&A activity remained “within historic range” during the pandemic when healthcare organizations were…

The Anonymous Physician on Employment

The Anonymous Physician:  Employment verses private practice To create a safe platform for physicians to discuss pressing issues in healthcare, we’re launching an Anonymous Physician column. From time to time, we’ll pose a question to a doctor, or a group of doctors, and post their answers anonymously, giving them the…

Happy National Women Physicians Day

Happy National Women Physicians Day Today is the fourth National Women Physicians Day. The date of February 3rd was chosen in honor of Dr. Elizabeth Blackwell, who was born on this day in 1821. Dr. Blackwell was the first female doctor in the United States and was instrumental in the…

Healthcare executive retention plans can be justifiable and effective

Healthcare executive retention plans can be justifiable and effective Genesis HealthCare came under scrutiny this week when The Washington Post reported that its CEO retired just months after receiving a retention bonus of $5.3 million. At the time of the arrangement, the nursing home chain was already in financial crisis…

Hospital pay equity: it all comes down to fairness

Hospital pay equity: it all comes down to fairness Becker’s Hospital Review recently reported that a clinical psychologist has sued Northern Light Acadia Hospital in Bangor, Maine after learning that her salary was nearly half that of her male colleagues. While she was earning $50 an hour, the men were…