The Anonymous Physician: 

Physician Retention

AdobeStock_266575535 [Converted]

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. After all, we believe the best solutions come out of open discussion. This time, we’re taking on the topic of physician retention.


The Issue: Physician Retention


At MaxWorth, we’re always on the lookout for strategies that will help our healthcare clients retain their doctors. The physician shortage has escalated competition among healthcare organizations for physician talent. According to the NEJM, 25% of physicians leave a practice within their first three years, and the cost of replacing a single physician is estimated to reach $500,000. These numbers are staggering enough to motivate administrations to implement retention programs. But many of them also understand the importance of building a culture of continuity and strong working relationships. These things take time, and loyalty. To learn more about what inspires loyalty, we took the matter to our Anonymous Physician.


The question:


What’s keeping you at your hospital? Are there resources, benefits, or compensation programs that make recruiting calls a little less enticing? 


The Answer:


“Honestly, what’s keeping me at my hospital is the need to stay in the area for my wife and family. 

I do still have ties at my former hospital, and the reason I still have ties there is because I was/still am the stroke medical director, and leadership positions entice me. Especially those where the administrative staff gives you full support and also full rein to mold the program how you see fit.”


Anonymous Physician, Age 37



If you would like to receive industry updates and articles like the one you see here, complete the form below
Something went wrong. Please check your entries and try again.

Want to Learn More? Read the Latest From MaxWorth

The enduring rise of call pay doesn’t have to be a liability

The enduring rise of call pay doesn’t have to be a liability When MaxWorth first created the Call Pay Solution, on-call compensation was one of the most contentious topics in healthcare. At a time when more and more physicians were demanding to be paid for call, most administrators were reluctant…

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…