Healthcare Industry Surveys

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. […]

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