Physician retention plans help reduce costs and optimize revenues.
Recruiting primary care physicians can cost a large practice millions of dollars in recruitment expenses and lost revenue. And competition among practices to attract physicians can cause a position to remain unfilled for a year or longer. Thus, the ability to retain physicians is critical to the financial well-being of a practice. Successful implementation of a physician retention plan can help reduce turnover, improve morale among the physicians, and foster a perception of a practice as a health services provider of choice. Penn State Geisinger Health System, Danville, Pennsylvania, developed a physician retention plan for its multispecialty group practice of nearly 1,000 physicians to reduce its costs associated with physician recruitment. The plan is organized into four phases of physician employment: recruitment, preemployment, employment, and postemployment.
Scott
K
K
Penn State Geisinger Health System, Danville, USA.
D019058:Community Networks; D004651:Employment; D006123:Group Practice / Q000458:organization & administration*; D006280:Health Workforce; D006801:Humans; D007318:Inservice Training; D007407:Interviews as Topic; D007586:Job Application; D007588:Job Satisfaction; D010414:Pennsylvania; D010560:Personnel Selection / Q000379:methods*; D010563:Personnel Turnover; D010816:Physician Incentive Plans; D013038:Specialization