Posted on March 18, 2013
ST LOUIS (March 18, 2013) – As stock prices and home sales rise, physician turnover reaches the highest rate since the first year data was collected in 2005, and exceeds pre-recession levels. Medical groups reported an average turnover rate of 6.8 percent in 2012, according to the 8th annual Physician Retention Survey from Cejka Search and the American Medical Group Association (AMGA). The survey also reported turnover of 11.5 percent among advanced practice clinicians (APCs), which includes physician assistants and nurse practitioners. This is essentially unchanged from 2011, the first year APC data was collected.
The 6.8 percent physician turnover rate in 2012 rose from 6.5 percent in 2011. It was significantly higher than the lowest rate of 5.9 percent reported in 2009 at the depth of the recession, and exceeded 6.4 percent reported in 2005, the first year data was collected.
This increased turnover tracks with improvements in the housing market and recovery in stock prices and marks a shift from physicians delaying relocation and retirement due to depressed home and investment portfolio values.
Medical groups do not expect relief in turnover in the coming year. The newly released report indicates that competition to hire and retain top performing physicians will intensify as retirement accelerates among an aging physician workforce and health reform increases the demand for primary care.
“The survey findings provide evidence that recruitment and retention continue to be major challenges for health systems,” stated Donald W. Fisher, Ph.D., CAE, president and chief executive officer of AMGA. “To rise to these challenges, medical groups are demonstrating remarkable leadership by investing in new staffing and delivery models, building and nurturing their teams in a strategic way, and making accountable care work for their patients and their communities.”
Other Key Findings:
Highest Turnover in Late and Early Years of Practice
Demand for Care Teams Intensifies
Onboarding and Mentoring May Offer Opportunities to Improve Retention
An electronic version of the 2012 survey is available to AMGA members for $100 and non-AMGA members for $200.
For more information and a link to the AMGA e-commerce site for purchasing the survey visit: www.amga-retention.com.
The Cejka Search and AMGA 2012 Physician Retention Survey was distributed electronically via e-mail to 2,174 medical organizations, representing both AMGA medical group members and non-members. Survey data was collected from October 2012 through January 2013. A total of 80 survey responses were compiled, representing a 3.6 percent survey response rate. The 2012 physician turnover data was reported by 80 respondents who collectively employed 19, 596 physicians, and a subset of 72 groups who collectively employed 4,213 advanced practice clinicians.
About American Medical Group Association (AMGA)
The American Medical Group Association represents some of the nation’s largest, most prestigious medical practices, independent practice associations, accountable care organizations, and integrated health care delivery systems. AMGA’s mission is to support its members in enhancing population health and care for patients through integrated systems of care. More than 130,000 physicians practice in AMGA member organizations, providing healthcare services for 120 million patients (approximately one in three Americans). Headquartered in Alexandria, Virginia, AMGA is the strategic partner for these organizations, providing a comprehensive package of benefits, including political advocacy, educational and networking programs, publications, benchmarking data services, and financial and operations assistance.
For more information, visit http://www.amga.org.
About Cejka Search
Cejka Search is a nationally recognized physician, health care executive, advanced practice and allied health search firm providing services exclusively to the health care industry for more than 30 years. Cejka Search recruits top health care talent for organizations nationwide through our team of experienced professionals, award-winning recruitment technology and commitment to service excellence. Cejka Search is a Cross Country Healthcare, Inc. (Nasdaq: CCRN) company, a leading provider of health care staffing services in the United States.