Healthcare leaders have different ideas on what workforce optimization is and why it is essential to their healthcare system. Understanding contingent staffing needs, providing in-demand clinicians to your facilities, and knowing what is costing the healthcare system, can be overwhelming, especially in today's challenging and changing environment.
VISTA recently embarked on an engagement with a large multi-specialty medical and healthcare management group to discuss the challenges they were facing. These challenges included the following major areas: cost containment, transparency, compliance, and how to reduce the dependency on locum tenens.
According to AAMC, by 2032, the American healthcare system will be short almost 122,000 physicians. This ongoing physician shortage is only going to get worse. With the lack of qualified clinicians, it is leaving healthcare systems and facilities scrambling to fill positions and balance the need for continuity of care against the need to control staffing costs.
Patient expectations have never been higher. And it is up to you to create an effective workforce management strategy that will help you meet or exceed these expectations. While plans may vary according to hospital type, they all focus on the strategic utilization of physicians and other hospital employees to meet or exceed customer expectations.
The Numbers Don't Lie
Locum tenens can help maintain your continuity of coverage while preserving your revenue stream.
- 94% of healthcare facility managers hired locum tenens providers, including NPs and PAs, within the past year
- 80% of healthcare facility managers rate locum tenens providers as worth the cost
- 75% of healthcare facility managers use locum tenens providers during permanent search or to address turnover
- 50% of healthcare facility recruiters' time is spent on the management and utilization of locum tenens providers while performing a permanent search
- 10% of healthcare facility managers use locum tenens conversions to fill full-time openings
As an in-house recruiter, your organization relies on you to find candidates that meet certain qualifications and match your practice culture. On the national landscape, recruiters report a continued increase in the number of open requisitions each year. The mounting openings to a large degree are due to increased patient panels, augmented service markets (a byproduct of mergers and acquisitions), physician turnover and a growing population of retiring physicians. Pressured timelines combined with a highly competitive staffing market, shallow candidate pools and candidate ghosting*, for many of us have sprouted a gray hair or two. Our hope is to provide renewed awareness on approaches and insight that will contribute to your continued success. With more than 50 years of collective recruitment experience, we have unveiled five key points to help you recruit more physicians now!
5 Questions You Need to Ask…
Recruiting provider talent remains a huge challenge for healthcare systems, both large and small. The recruitment process can be laborious: reviewing CVs, coordinating interviews and site visits for candidates, and negotiating contracts and salaries are time consuming, often leaving departments short-staffed and disrupting revenue streams. That's why more and more healthcare groups are partnering with staffing companies, which can provide provider coverage in the interim, allowing recruiters the time to find the right providers for their organization.
Here's what you need to consider:
According to the Association of American Medical Colleges, the median medical school debt is $195,000, and nearly 46% of medical school graduates plan to enter a loan forgiveness program. Not surprising, many physicians struggle with the costs of education, and those with extreme student debt can expect to pay more than $2,000 each month for nearly 10 years.
Fortunately, there’s help for physicians inundated by student loans. In-house physician recruiters - like those in the Association for Advancing Physician and Provider Recruitment (AAPPR) - are positioned to help physicians navigate the options for managing their debt and relieve some of the burden.
Welcome to our blog!
At VISTA we’re dedicated to being our clients’ strategic workforce optimization partner. With our deep industry expertise and exclusive locums MSP technology, we help health systems, hospitals, practices and government entities build and sustain effective workforce models that ensure patient access to care and organizational stability. Covering more than 60 specialties, we staff physicians, nurse practitioners and physician assistants to help our clients preserve revenue and maintain profitability.