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This 12-page monthly business newsletter focuses on the specifics of actual physician pay plans used by medical group practices.
To view the entire newsletter issue, click the “View Entire Issue” link below
July 2008 (Volume 9, Issue 7)
view entire issue
Real estate slump hinders doctor recruitment
Who would have guessed that the drop in home sales would dramatically affect how hospitals and physician practices recruit physicians? It may not have seemed like an obvious connection when the first news of a real estate crisis broke, but facilities are quickly learning that the bad housing market is directly affecting physician recruitment efforts, and many are looking for ways to adapt.
Ophthalmologists strive for efficiency to meet rising demand
Rising demand for services coupled with an insufficient number of new physicians is pushing compensation upward for ophthalmologists, while reimbursement stagnation is suppressing revenue. The net result: modest year-to-year compensation increases, according to most surveys. That is a trend that many specialties have seen recently. But on the demand side of the equation, ophthalmologists are feeling the effects of the aging baby boomers more than other specialists as older patients develop more serious eye problems.
Female physicians more satisfied despite earning less
After several years of proposed Medicare reimbursement cuts and relatively minor compensation increases for most specialties, it's no surprise that the majority of physicians now report being dissatisfied with their current compensation levels. However, a recent study by Jackson & Coker, an Alpharetta, GA-based search firm, suggests that dissatisfaction is not equal throughout the work force. Female physicians are more likely to be satisfied than their male counterparts, despite earning less.
Sharing recruits helps rural hospitals find specialists
Recruiting physicians to rural areas is typically a challenge, but it can be even more difficult when searching for a specialist who is concerned about being able to garner enough referrals from a single market's patient population. However, when one hospital is having trouble convincing a physician to make the move on its own, taking a collaborative approach may be the answer.
Other recently-published articles from Physician Compensation & Recruitment:
Low compensation continues to create challenges
On-call pay trends begin to stabilize, survey finds
Recruiters seek efficiency in ailing economy, tight market
Low comp creates geriatrician shortage as population ages
Primary care reports bigger compensation increases than normal as specialists struggle to keep pace with inflation
IPPS, fee schedule contain new Stark changes
’Float pool’ offers alternative to locum tenens
Choose the right on-call comp model for your hospital
IMG physicians can ease looming shortage
Growing demand and steady profits keep orthopedic surgery compensation high
Sharing recruits helps rural hospitals find specialists
Female physicians more satisfied despite earning less
Ophthalmologists strive for efficiency to meet rising demand
Real estate slump hinders doctor recruitment
Integrating comp plans key to practice merger success
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