According to the Medical Group Management Association (MGMA), hospital-owned practices were the most successful in attracting physicians in 2009.
Candidates fresh out of training as well as experienced candidates seek hospital based and/ or hospital employed opportunities because they often times choose jobs based on quality of life and security. Where as at our physician recruiting firm our private practice opportunities can provide significant income and potential, some candidates believe hospital owned practices offer more stability, guaranteed income, and less and shared call.
Some candidates also believe hospital owned practices may provide more security with the uncertain future of healthcare reform.
According to the MGMA’s Physician Placement Starting Salary Survey: 2010 Report Based on 2009 Data, 65% of experienced/ established physicians changing jobs in 2009 selected hospital owned practices, and 49% of residency and fellowship graduates chose a hospital owned practice.
The survey also shows that first-year guaranteed compensation has decreased by 2.1% since 2006 for specialists in single specialty practices, whereas primary care first-year guaranteed compensation has increased by 17.4%.
Read the full article in Healthcare Finance News, or click here:
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