Physician Turnover Remains High as More Physicians Retire
AMGA and Cejka Search Also Report Reduction in APC Turnover
Source Newsroom: American Medical Group Association (AMGA)
(703) 838-0033 ext. 328
Newswise — ALEXANDRIA, VA (August 21, 2014) - Physician turnover continues at the highest rate since the first year data was collected in 2005 for the second year in a row. Medical groups reported an average turnover rate of 6.8 percent in 2013, unchanged from 2012, according to the 9th annual Physician Retention Survey from the American Medical Group Association (AMGA) and Cejka Search. The survey also reported turnover of 9.4 percent among advanced practice clinicians (APCs), which includes physician assistants and nurse practitioners. This represents an 18 percent reduction in 2013 (in 2012 ACP turnover was 11.6 percent).
The 6.8 percent physician turnover rate in 2012 and 2013 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 findings that retirement is accelerating. “Retirement” as the reason for separation jumped to 18 percent in 2013, the highest percentage ever reported (representing a 50 percent increase).
"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."
"Changing demographics and healthcare reform make efficient recruitment more important than ever for medical groups,” stated John Gramer, president of Cejka Search. “Delivering data and insight helps pave the way for more innovative recruitment and retention solutions in a rapidly changing talent marketplace.”
An electronic version of the 2013 survey is available to AMGA members for $100 and non-AMGA members for $200.
For more information and for purchasing, click here.
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 150,000 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.