Healthcare Industry Surveys

With all eyes on recruiting, healthcare also has a retention problem

Recruiting is just one part of the talent shortage puzzle; the best way to begin refilling a leaky bucket is to seal the leak by Intelliworx Recruiting is top of mind for many healthcare employers, and more and more are investing time in the function. For example, “MGMA polling from late 2023,” found “nearly eight in 10 (78%) of medical group leaders spent more time on recruitment and interviewing last year than the previous year.” The findings were included in a healthcare staff compensation report from the association which includes a mix of polls MGMA has fielded over the last few years. Never miss a post! Subscribe to our weekly newsletter by email. Yet recruiting is only one part of the problem. Another key part is retention and retention rates are astonishingly high in some areas. As a case in point, MGMA says clinical staff turnover is at a rate […]

Many healthcare employers see the struggle to recruit nurses grow

Nurses are the backbone of the healthcare system, yet a dearth of talent means this persistent problem continues to weigh on employers by Intelliworx As it is with providers, healthcare employees everywhere are struggling to attract nurses. That’s according to a new report by the Medical Group Management Association (MGMA). Citing an MGMA Stat poll from May 2024, the report says, “22% of medical group leaders say their nurse recruitment and hiring efforts improved in the past year, while the majority (78%) say they have seen little change (43%) or experienced worsened conditions (35%).” The top factor contributing to this healthcare recruiting challenge is a dearth of talent. There simply aren’t enough nurses and it’s hitting rural locations even harder. Why? “While some practice leaders noted a smaller pool of candidates in their rural markets, most respondents pointed to tough competition for qualified candidates from hospitals and larger organizations with […]

How healthcare staff compensation has changed over the last five years

“Sizable compensation increases for these roles are in line with anecdotal reports about the continuously competitive labor market,” according to a new report by MGMA by Intelliworx The shortage of providers is perhaps the biggest challenge facing rural healthcare facilities. Accordingly, there’s a lot of focus on incentives to attract more providers, particularly compensation. Providers are an important part of the puzzle. However, it’s important to remember they usually have a team to support them. These team members handle a wide range of supporting tasks from negotiating with payers – to prepping patients to be seen by a provider. They are crucial to keeping things running smoothly. To that end, the Medical Group Management Association (MGMA) is out with a new report that benchmarks the growth in management and staff compensation. While the report benchmarks the changes over several different time periods, we believe the 5-year time frame is the […]

What physicians want from healthcare employers evolves over a career [survey]

Saddled with debt, newly minted doctors say compensation is the top factor they look for in a first employer; however, work-life balance, family and geography are increasingly influential as tenure lengthens by Intelliworx Compensation is back in style – at least for newly minted physicians looking for their first gig post-residency. That’s according to a joint report by Jackson Physician Search and the Medical Group Management Association (MGMA). The report, based on a survey of physicians and hospital administrators, shows that the newest generation of physicians, Generation Z (1997-2012), also commonly referred to as Zoomers, care more about their compensation than Millennials (1981-1996). More than three-quarters (76%) of new physician surveys said the top factor they look for in their first job after completing residency was compensation. This was followed by location (64%) and work-life balance in a distant third with just 38%. This is at odds with conventional wisdom […]

How nursing leaders are tackling recruiting and retention amid burnout and shortages

Survey of nursing managers shows many are leaning on contingency staffing talent to bridge the staffing gap near-term while improving processes and adding tech over the long-term by Intelliworx® Nurses are the backbone of the U.S. healthcare system. Hospitals and clinics around the nation simply could not run without them. This means the role of managing a team of nurses is an important job – and one that seems to be getting harder all the time. A recent survey of nursing leaders by the staffing firm AMN Healthcare illustrates this notion in detail. It’s among the most challenging jobs in healthcare, wrote one nursing leader in response to an open-ended question: “It is one of the most difficult jobs in the entire hospital! You have to be a liaison between nursing, medical services, housekeeping, engineering, grounds, nutrition, social work, physical therapy, finance, supply chain, patients, their families all while keeping […]

The 7 trends rural healthcare recruiters must navigate in 2024

The demand for healthcare continues to outpace as the supply of providers shrinks. The recruiting of physicians and nurse practitioners has become more challenging. That’s according the Review of Physician and Advanced Practitioner Recruiting Incentives, by AMN Healthcare (formerly Merritt Hawkins). The infographic nearby depicts data from the 30th annual study is based on data stemming from 2,676 providers that AMN has placed into permanent positions over a one-year period. The most recent study identified seven trends that rural healthcare recruiters must navigate in 2024 and are as follows:

The top recruiting challenges facing rural hospitals [and ideas for overcoming them]

Survey research finds the lower cost of living, greater autonomy and a higher sense of fulfillment are attractive characteristics rural healthcare facilities should pitch to prospective provider candidates by Intelliworx Rural healthcare facilities are under financial pressure. At the end of 2022, the American Hospital Association (AHA) reported 136 rural hospitals closed between 2010 and 2021. The trend hasn’t slowed down either. As we turned the corner on the New Year, another 88 hospitals, many of which are rural, shuttered or cut back on the healthcare services offered. There are many reasons why this is happening. One significant factor is that rural facilities struggle to attract talent, such as physicians, physician assistants (PAs) and nurse practitioners (NPs). A periodic survey – Rural Physician Recruitment and Staffing Survey Results – by Jackson Physician Search does well to quantify some of the challenges and propose some ideas for overcoming them. Below are […]

5 benchmarks for financial incentives in healthcare recruiting

Family practice physicians average $255,000 in salary, while NPs and PAs average $151,000; the vast majority of healthcare employers compensate providers for continuing education and offer educational loan forgiveness by Intelliworx As far as benchmarking goes in healthcare recruiting, the AMN Healthcare (formerly Merritt Hawkins) annual report on recruiting incentives is very credible. The organization has been producing the report based on talent searches it has conducted for the last 30 years. This year, the report is based on 2,676 permanent positions the organization has filled for physicians and advanced providers, such as nurse practitioners (NPs) and physician assistants (PAs). We’ve previously covered some of the takeaways we gleaned from the report on market dynamics and the competition for talent. This post will summarize some of the key benchmarks for financial incentives in healthcare. 1. Provider salary ranges and averages AMN says it conducted more searches for NPs than any […]

Recruiting: 5 emerging sources of healthcare are adding new competition for talent

Demand for healthcare has grown as the supply of providers has fallen; this is creating new competition for credentialed talent by Intelliworx The shortage of healthcare providers has led to longer wait times for appointments. New patients experience an average wait time that’s 8% longer than it was in 2019. Further, these wait times have grown 24% since 2004. That’s according to a report titled, 2023 Review of Physician and Advanced Practitioner Recruiting Incentives, by AMN Healthcare (formerly Merritt Hawkins). This has resulted in several new business models, all of which aim to ease access to healthcare but also create new competition for credentialed healthcare talent. The report identified five new or emerging competitors. 1. Retail pharmacy chains opening up clinics Pharmacy chains like CVS and Walgreens are investing in clinics run out of their retail locations. Collectively, these clinics experienced patient growth while primary care facilities have seen a […]

7 market dynamics rural healthcare recruiting must navigate in 2024

Recruiting of physicians and nurse practitioners may become more challenging as the demand for healthcare continues to grow while the supply of providers shrinks by Intelliworx Most healthcare facilities are acutely aware of the talent acquisition challenges facing healthcare organizations. What they may not have considered is the impact some macro market dynamics have contributed. To that end, an annual report, the 2023 Review of Physician and Advanced Practitioner Recruiting Incentives, by AMN Healthcare (formerly Merritt Hawkins), now in its 30th year, does well to identify seven such dynamics. 1. The U.S. population continues to grow Citing data from the Census Bureau, the report says, “The U.S. population is projected to grow from 332 million people today to 423 million by 2050.” Forecasts like this may vary depending on who is doing the counting, but most projections forecast continued growth and this drives demand for healthcare services. 2. The U.S. […]