Four Ways that South Carolina Healthcare Organizations Can Improve Physician Recruitment ROI
With the ongoing physician shortage creating extreme competition for the recruitment of physicians across specialties, it’s more important than ever that healthcare administrators and recruiters fully understand their recruitment costs and the impact time-to-fill has on revenue.
In South Carolina specifically, there are 205 active patient care physicians per 100,000 population, or 10,423 total. This physician-to-population ratio ranks #39 in the United States according to data from the AAMC 2019 State Physician Workforce Data Report. With 31.2% of those providers having already reached age 60 or older and only 7% available due to turnover, recruiting in South Carolina is often more challenging than in other states.
Because patient care and physician revenue can be at risk, healthcare organizations ought to be looking at recruitment costs as an investment, calculating their returns, and taking certain actions to improve ROI and time-to-fill.
To learn more about calculating physician recruitment ROI as well as four ways to improve it, please read Jackson Physician Search’s article: Physician Recruitment ROI and What it Means to Your Organization.
You can also quickly determine how reducing time-to-fill impacts your bottom line by trying out Jackson Physician Search’s new Physician Recruitment ROI Calculator.
For more information, please contact:
Regional Vice President, Business Development
Jackson Physician Search