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The Economy Plus Flexibility Keep Physicians in Practice
Date:4/15/2009

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Incentives aid physician retention in the critical, early years of practice

  • Of those physicians leaving the practice, 46% of physicians separate within the first three years. However, incentives such as educational loan forgiveness and retention bonuses can reduce that to 33% and 29%, respectively

Medical Groups are better at anticipating turnover...

  • 67% of respondents found the rate of turnover in their practice was "close to expected" and 73% found their turnover rate was "acceptable," as compared with 2006 Retention Survey results where 58% said it was "acceptable"

...And actively addressing the causes of turnover

  • Two-thirds (66%) of respondents conduct regular physician job satisfaction surveys and use the data to: monitor trend information (67%), create action plans (58%) and provide feedback for departmental use (52%)
  • Almost as many (65%) assign a mentor to new physicians, and of these, nearly all (96%) were likely to continue
  • Nearly half (48%) of respondents employ a defined retention program, and of these, 61% have a formalized program with written plans, goals and strategies

Nurse practitioners and physician assistants (advanced practitioners) have a significant role

  • The majority of primary care physicians (85%), surgical specialists (84%) and medical specialists (80%) are receptive to working with advanced practitioners
  • When it comes to sharing call with physicians, 43% of respondents reported physician assistants share call and 33% cited nurse practitioners share call
  • Nearly all (96%) respondents said their medical group will either maintain (50%) o
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SOURCE Cejka Search
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