Healthcare Workforce Demand Growing Faster than Provider Supply (Practice Management News)
A recent Merritt Hawkins survey found that there is a “feeding frenzy” for newly trained clinicians, who typically receive 51 or more job solicitations during their training (with most primary care physicians (PCPs) receiving more than 100 job solicitations). The move towards value-based care is driving recruiters to target PCPs “due to their role as leaders of interdisciplinary clinical teams and because they are the indispensable managers of care and resources in emerging quality-driven delivery models.”
The article goes to note that “as the industry shifts to value-based reimbursement models, providers are offered a wider range of compensation arrangements that could include outcome- and productivity-based bonuses on top of traditional fee-for-service structures. However, approximately 49 percent of residents said that they did not have any formal business training, including compensation arrangement education. ‘A great deal of care should be taken by the recruiting party to educate residents regarding the features, benefits, and drawbacks of the growing number of financial arrangements available to physicians in today’s recruiting market...Without such guidance, residents are more likely to accept a practice offer coming out of training that may not suit their needs, leading to a high level of turnover.’”
Delaware’s Workforce and Education Committee is prioritizing training and curriculum to prepare physicians and medical staff for the transformation of primary care practices, as well as to help keep current and future providers working within the state. Through partnerships with Sidney Kimmel and Pennsylvania College, as well as with other state and regional educational institutions, the Delaware Center for Health Innovation (DCHI) is focused on providing Delaware’s existing healthcare workforce with the tools needed to deliver team-based, integrated care, as well as ensuring cutting edge education and training opportunities for future health care providers in the state. For more information please visit us at https://www.dehealthinnovation.org/.