PracticeMatch Releases Results of Recent 'State of the Industry' Survey of Physician ... ( ST. LOUIS Aug. 3 /- ...)

PracticeMatch Releases Results of Recent 'State of the Industry' Survey of Physician Recruiters

Date:8/3/2009

ST. LOUIS, Aug. 3 /PRNewswire/ --

PracticeMatch, the leading provider of physician data and sourcing services, has recently completed its yearly survey of in-house physician recruiters on the state of the physician recruitment industry. Survey results have revealed that the physician shortage, coupled with the aging population, has taken a toll on the recruiting industry as recruiters strive to fill openings. Survey results were compiled between May 1 and May 15, 2009, from a response group of 75 physician recruiters from healthcare systems and groups nationwide. Below are some key findings.

Key Findings, 2009

While needs for Primary Care specialties such as Family Practice and Internal Medicine remained steady, an increase was seen in Neurology (48.6%), Cardiology (28%), Urology (25.6%), Rheumatology (17.5%), and other specialties. As the physician shortage continues, these need reports are expected to continue to rise.

Physician recruiters are striving to fill opportunities, and for 2009 they report needing to fill an average of 24.7 opportunities per facility - an increase of nearly 5 over the previous year. However, recruiters are only expecting their rate of fill to be 17, 7.7 lower than their reported need. With a projected interview-to-hire ratio of 3.25:1 (down from 3.86:1 in 2007) hospitals and medical groups will be interviewing an average of 80 physicians. With placement rates expected to come in at 17, the projected interview-to-hire ratio for 2009 jumps to 4.7:1 - adding an additional $348,000 to hospital budgets at an average total interview cost of $3,000 per interview.

To combat the rising costs of interviewing, recruiters have begun to diligently track success rates with different sourcing and advertising outlets - with 100% reporting success through Internet marketing and 94% finding success in mass e-mail campaig
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