Compensation alone is not enough to attract and retain healthcare providers [study]
Survey of 730 clinicians shows factors other than compensation, such as autonomy, flexibility, and culture, are untapped competitive advantages employers should use to attract and retain talent Conventional economics tells us that when demand outpaces supply, prices rise. That’s precisely what’s happening in the market for healthcare talent. The prolonged shortage of healthcare talent is driving up the average provider compensation. While this affects every healthcare employer, it’s especially challenging for rural healthcare to address because they don’t have the volume of patients to make up the margin. This means competing on compensation is a tough sell. Yet a new survey of 730 clinicians, including physicians and advanced practice providers (APP), suggests employers may not need to try. The findings were detailed in a new report titled, Survey insights: What to know about the clinician workforce today. The report summarized the findings this way: “Meet the market on compensation. Outperform […]