There will always be physicians looking for jobs, but what can you do to prevent your practice from feeling like an ever-revolving door?
In order to answer that question, you have to understand why physicians start looking for new jobs in the first place!
Make no mistake, physician turnover is a growing problem. In fact, the number of physicians leaving their jobs hit an all-time high in 2013 — the highest rate since physician turnover data started getting collected in 2005.
Here are the 3 most common reasons why physicians are leaving their jobs:
According to 2014 research, one out of every three physicians is over the age of 55, and a whopping 60% of physicians of ALL ages said they plan to retire sooner than they had originally planned. While you can’t prevent your physicians from getting older, you can do things to try and convince them to stay until retirement age — like making your internal procedures as efficient as possible and specifically working to nurture your team.
Studies have shown that a lack of the so-called “simple” things — like getting a tutorial on the office computer system, learning the practice’s specific policies and procedures, and having a comprehensive document with all of the office’s IT passwords — can make physicians incredibly frustrated. And, unfortunately, the more frustrated they are, the more likely they are to start looking for a new job!
Bottom line — have a formal onboarding strategy in place so that all of your physicians start their work with you on the right foot. Then, when things change, make sure everyone gets caught up to speed quickly and efficiently.
As the Affordable Care Act churns along, doctors’ offices are getting more and more crowded. Do you have a plan in place to prevent your physicians from getting overwhelmed by a rush of new patients? If not, they’ll likely start job-hunting sooner rather than later!