The competitive physician recruitment market: 5 trends

The competitive physician recruitment market: 5 trends 
Becker's Hospital Review; by Mariah Taylor; 9/24/24 
Both physician recruiting and compensation have become more competitive as market disruptors have entered the field, according to AMN Healthcare's "Review of Physician and Advanced Practitioner Recruiting Incentives," published Aug. 5 The report is based on a representative sample of 2,138 search engagements AMN Healthcare conducted from April 1, 2023, to March 31, 2024. The data includes starting salary and other incentives offered to physicians and advanced practice professionals nationwide. ... Here are five trends in physician recruitment:

1. The reduction of healthcare access has led many organizations that did not traditionally recruit physicians or advanced practice providers to start recruiting. ...
2. In a 2023 AMN Healthcare’s Physician Solutions survey, 56% of residents said they had been contacted 100 or more times by recruiters with job offers. ..,
3. The physician recruiting market is "characterized not just by a dearth of candidates in many specialties, but by high turnover rates caused by physician burnout," the report said. ...
4. The physician workforce has reconsidered where, when and how they work. In response, employers have had to be flexible and competitive in attracting physicians while putting renewed focus on retention. ...
5. Physician compensation has also increased amid the heightened competition for talent. Average starting salaries for physicians are up year-over-year with increases seen in 13 of 20 specialties and decreases in only four specialties. ...