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Ensuring fairness in physician compensation

 

One key factor potential candidates consider in your recruitment is physician compensation. So how do you attract top talent and maintain a positive reputation when discussing a topic as sensitive as compensation? By ensuring fairness in physician compensation, you can create a win-win scenario for both candidates and your organizations. Benchmarking and market research The first step to ensuring fairness in compensation is to conduct thorough benchmarking and market research. Recruiters should analyze industry standards and regional variations to help determine compensation packages that are ....

 

Read articles by Jackie Farley Jackie Farley
 

Physician compensation models: Pros and cons for physician recruiters

 

As you move candidates through the recruitment process, they will inevitably ask about compensation. To attract and retain top talent, it’s important to understand the intricacies of physician compensation models. What are physician compensation models? Physician compensation models are the financial frameworks that determine how physicians are paid for their services. These methods have evolved over the years and continue to adapt to changing healthcare landscapes. Let’s explore some common compensation models and their advantages and disadvantages: Relative Value Units (RVUs) R....

 

Read PracticeLink articles by Megan Trippi Megan Trippi
 

5 ways offering stipends to medical students can combat the physician shortage

 

In recent years, a pressing concern stands out in the medical field: the physician shortage. As populations grow and age, the demand for medical services surges, putting a strain on healthcare systems worldwide. To combat this looming crisis, one approach has gained traction – offering stipends to medical students for early hiring or incentivizing early physician hiring. This innovative strategy not only addresses the shortage of providers but also nurtures a sustainable health system. Understanding the physician shortage The physician shortage is a challenge caused by many factors: an a....

 

Megan Trippi
 

Comparing compensation trends: Your hospitalist hires

 

How does a hospitalist’s salary compare to other specialties? Every now and then, it’s a good idea to take note of compensation trends in certain specialties so you know where your potential hires stand. Let’s look at some of the numbers, averages and key trends. Average Salary for hospitalists in 2022 In a recent report, MedScape surveyed 13,064 physicians to compare compensation data for health care specialists across the board - including hospitalists. Based on the findings, hospitalists in the United States are currently earning an average salary of $283,000, ranking ab....

 

Read PracticeLink articles by Alexandra Cappetta Alexandra Cappetta
 

Recruiting rural? Know the advantages of compensation package options

 

The Coen Brothers displayed it in their movie, . James Stewart lived it in . Heston sprawled out in and James Earle Jones epitomized the love of nation in . Even Star Trek ventured into the . Those of us who are rural recruiters need to understand the importance of country. We have something we need to understand - a tool to be developed. What I mean by isn’t necessarily the wide-open spaces that are sung about or Western movies of the past; country is a lifestyle and, therefore, a key component in recruiting physicians and getting that signed contract. The total compensation package....

 

 

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