Thursday, July 30, 2015

Position Incentives: Why Should They Work For You?

Last week on The Hire Connection's Facebook page, we briefly touched on the importance of using attention-grabbing incentives to attract qualified physicians to your position. People need incentives to motivate them, and as physician recruiting becomes more challenging, you have to go the extra mile if you want to attract highly qualified candidates. The Hire Connection can help give you the edge over your competition by crafting an unbeatable incentive package for your new physicians. Here is a brief overview of the types of incentives we can use.


Abbreviated Work Weeks

One of the biggest challenges physicians face is learning how to dedicate enough time to their families and friends while still excelling at their jobs. By offering a four-day work week, you will attract candidates who are struggling with this balance and are looking for ways to dedicate more time to both their personal and their professional lives. Shorter work weeks are also a great way to increase your appeal to qualified positions without having to spend extra money up front.

Guaranteed First-Year Compensation

Established physicians sometimes operate under a production-based compensation model - the more patients they see, the more money they make. Physicians who are just getting started in their careers do not have the same clientele base that an established physician would, which can make them hesitant to accept positions with production-based compensation methods. You can attract new doctors by instead guaranteeing compensation for the first one or two years (with the agreement that you will switch to production-based compensation after that).

Student Loan Forgiveness

If you are looking to attract young physicians (which could be a wise strategy, considering the upcoming physician shortage), offering student loan forgiveness will be a great way to make your position stand out from the rest. Student loan debt is a major concern for many young doctors, and most will jump at the opportunity to work for a hospital that will pay off those debts for them.

Relocation Help

In the world of medical recruiting, it is not uncommon for physicians to move halfway (or all the way) across the country to take on a new position. While your focus will (understandably) be on getting your new doctor to begin work as soon as possible, your physician's focus will be on relocating his/her family to an entirely new area with as little stress as possible. Offering to help pay for some of the costs associated with moving will be a great incentive to offer doctors coming from far away.

Signing Bonus

Signing bonuses have become almost commonplace in the medical recruiting world; if you don't offer one, you risk losing qualified candidates before you even have the chance to show them what great facilities you have. The signing bonus amount varies greatly from position to position. The average bonus generally hovers around $25,000, but some big facilities are now offering six-figure signing bonuses. Offering a signing bonus is an easy way to amp up your recruiting strategy.

Room For Growth

You are never going to find a physician (or any employee, for that matter) who will accept your base salary offering without hoping for a pay raise down the road. Offering the appropriate starting salary is critical, but clearly communicating your physician's opportunities for growth is just as important. Having a clear path towards continued advancement and growth will not only help you attract great candidates - it will also help you retain your best physicians.

THC Can Help!
When you are ready to recruit a new physician for your hospital, putting together a solid incentive and compensation package is crucial. Our medical recruiting experts can help you develop a recruiting campaign that will attract the physicians that are most qualified to fill your position. Contact us to get started!



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Friday, July 24, 2015

The HOME STRETCH Of Your Psychiatry Career

We have a great psychiatry opportunity for YOU!

Amazing Base with Potential Directorship Opportunity

Established and Respected

Rooted in the community for over 110 years, this state of the art acute care facility enables you to provide top notch medical care to your patients. Taking great pride in their talented and committed staff, this psychiatric practice makes a local impact with all their life-changing outreach programs.



The Practice
  • Amazing Base Salary that Blows MGMA Numbers Out of the Water!
  • Appointments Scheduled 30 Minutes Apart Allows You Quality Time with Each Patient
  • IP/OP Mix with Great Variety in Diagnoses Keeps Your Skills Honed
  • Numerous Excellence Awards Including the Best of Capital Region Award
  • Take the Next Step in Your Career—Potential Directorship Opportunity
  • Affiliated with the Largest Nonprofit Health System in the Country 

The Community
  • Tap into the Night Life—Operas, Hip Restaurants, Pubs, Casinos and Dance Clubs
  • Rich History and Youthful Energy Converge in this Exhilarating Community
  • Local Universities add a Fun College Town Feel
  • More Money in Your Pocket—Median House Price 10% Below the National Average
  • Top Ranking School Systems—Both Public and Private
  • Access to Mountains and Rivers—Hiking, Canoeing, Fishing and Trails

To Learn More Contact
Kathryn Wallach


Director of Recruiting
Search ID: P0381
866.661.4473 x108


The Hire Connection offers its clients the industry's most comprehensive range of healthcare recruitment services.

Coupling technology, expertise and accountability, The Hire Connection services are designed to source, screen, qualify, present and place the RIGHT providers to satisfy recruitment goals and improve provider retention. Give us a call today!

SUBSCRIBE TODAY!



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Friday, July 17, 2015

Financial Pressures Closing In On Physician Practices

Running a physician-owned practice can be a be a lucrative endeavor, but recent changes in the medical world are imposing major financial pressures for these practices. Government regulations are closing in, drastically changing the ways that physicians run their practices and demanding that new requirements be met. These new regulations and requirements are taking their toll on the profits previously enjoyed by physicians across the nation. The Hire Connection is here to provide an inside look at some of these new pressures.


Expensive Equipment
The cost of the equipment needed to run a successful practice has been steadily rising for some time, and it does not show any signs of leveling out in the near future. As if the rising costs of vaccines and general medical supplies were not enough, the impending coding regulation change to ICD-10 demands even more expensive equipment and extended training for staff to learn how to use this complex new system. According a study by the American Medical Association, preparing for ICD-10 may cost practices at least $56,000. (See our previous blog to learn more about the implications of ICD-10).

As a result of these increasing financial pressures, a 2014 survey by Medical Economics found that more than 84% of physicians claimed that their practices were doing the same or worse financially than they were a year ago. That means that less than 16% reported financial growth in the last year.

Value-Based Payments
Until recently, healthcare facilities operated on a fee-for-service basis. This allowed them to charge for individual doctor visits, the tests they ordered, and the other basic services involved in patient care. New regulations are now requiring that physicians convert to a value-based payment system, which dictates that they only be paid for the value of the care they deliver. That is, physicians are required to demonstrate improvements in their patients' conditions in order to be compensated for their efforts.

The transition to value-based payments also requires physicians to report their Physician Quality Reporting System (PQRS) data to the Centers for Medicare and Medicaid Services (CMS). Physicians who fail to properly submit these reports are seeing their reimbursements cut by 1.5% this year, and that number will rise to 2% in 2016. Even the experts are unable to predict how long it will take to fully transition to this new reporting method and payment structure, but they predict that physicians across the nation will suffer financially during this transitional period.


Reimbursements
In order for physicians to be paid, they must be reimbursed by the insurance companies covering their patients. Unfortunately, these insurance companies are increasingly denying claims, making it harder for physicians to be compensated for their efforts. Insurance companies are frequently denying claims based off of minute errors, such as the modifiers not matching the procedure codes or slight discrepancies between the way the doctor submitted the patient's name and the way the insurance company has the patient's name on record (these discrepancies can be as slight as a missing hyphen in the last name).

The increasingly uncooperative behavior of insurance companies is taking a financial toll on physicians across the country. As a result, more and more physicians are choosing to work outside the system by not accepting insurance. This allows them to treat their patients as they see fit, rather than conforming to the methods set by insurance companies, and ensure that they are paid for their services.

The Hire Connection Can Help Ease The Burden
As these financial pressures create a greater and greater strain on physician-owned practices, finding the right physicians (and the right compensation level) for these facilities becomes even more critical. In addition to helping you find the right candidate for your opportunity, our medical recruiting company can help you design a proper compensation package that will entice potential candidates without creating a greater financial strain on your practice.

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Friday, July 10, 2015

Become a TOP TIER SPECIALIST At A New Children's Hospital

FANTASTIC Pediatric Neurology Opportunity!

One of America's Top Ranked Health Systems.


Call: 888.447.9659



World Class Care Close To Home!
Join one of the most comprehensive pediatric brain centers in the region, if not the country! This team of top-tier specialists works out of a brand new children’s hospital and is supported by elite pediatric neurosurgery and over 60 pediatric subspecialties. Enjoy an aggressive, young, visionary group who trained at the top programs in the country. What a great time to join as this top ranked health system invests in growing and developing this service line!

The Practice:


  • Specialists in Pediatric Epileptology, Headache, Genetics, Behavioral/Developmental
  • State-of-the-Art Technology such as a 3 T MRI for Accurate Diagnoses
  • Dedicated Ancillary Staff – Child Psychiatry, Psychology, Nutrition, Pediatric Nursing
  • Future Growth Planned in Pediatric Sleep and Neuromuscular Development
  • Strength in Numbers – Physician Group 1200 Strong Representing 5 Hospitals
  • Supported 24/7 by Pediatric Hospitalists and Neonatologists in the PICU and Level III NICU


The Community:


This affluent community, nestled along the Golden Corridor in the northwest suburbs of Chicago, puts you just minutes from Downtown, The Magnificent Mile on Michigan Avenue, The Loop, Grants Park, Navy Pier and so much more! A hub for international retail and technology, this area offers upscale shopping, dining and a host of world class amenities indicative of its location outside the third largest city in the country – home to nearly 3 million people!


  • Reserve a Table at Dining Hot Spots Alinea, Next, Sixteen, Grace or L20
  • 11th Largest Mall in the US –300+ Shops for the Most Discerning Shopper
  • World Champion Sports Teams – Bulls, Cubs, White Sox, Bears and Blackhawks
  • Michigan Avenue Style – Chanel, Armani, Gucci, Louis Vuitton, Emenegildo Zegna...
  • Amazing Educational Opportunities – 75 Colleges and Universities
  • Enjoy a Slice of Traditional, Chicago Style Deep Dish Pizza from Giordano’s or Lou Malnati’s
  • Cultivate Young Minds at the Adler Planetarium, Museum of Science and Industry, Field Museum of Natural History, Art Institute of Chicago or over a Dozen Other Family Friendly Locations


To learn more, contact Rob Weigand: 888.447.9659



The Hire Connection offers its clients the industry's most comprehensive range of healthcare recruitment services.

Coupling technology, expertise and accountability, The Hire Connection services are designed to source, screen, qualify, present and place the RIGHT providers to satisfy recruitment goals and improve provider retention. Give us a call today!

SUBSCRIBE TODAY!



Let's Connect!

Thursday, July 2, 2015

Hospitals & Healthcare Facilities - Part Of What Makes America Great!

In 1776, fifty-six visionary men signed a document that would change the world for years to come - the Declaration Of Independence. Since that time, The United States Of America has continued to grow and evolve, constantly seeking improvement. Similarly, America's healthcare systems have experienced an incredible amount of growth since the Declaration was signed. Both our nation and our healthcare systems strive to protect our citizens and provide a better life for those who call America home. Keep reading to find out what else our healthcare facilities have in common with the United States of America.


You Have A Right To Privacy
Amendment IV in the Bill of Rights states that people have a right to privacy - they're homes, personal lives, and belongings cannot be searched or seized without a warrant. Similarly, hospitals and all healthcare facilities are bound by HIPAA, the federal Health Insurance Portability and Accountability Act. HIPAA closely guards patients' and healthcare providers' right to privacy by mandating that all information be kept in the strictest confidence. Anyone who violates HIPAA's policies can face serious consequences.

You Cannot Be Turned Away
Ever since America was founded, legal immigrants have come to our beautiful country seeking freedom and better quality of life. America has always welcomed new citizens with open arms, ready and willing to provide a home to those in search of a better life. Similarly, hospitals maintain an open-door policy for anyone in need of healthcare in the United States. American citizens have a right to quality healthcare services whenever the need arises.

Healthcare Providers Are Our Selfless Heroes
The United States of America would not be where she is today without the brave men and women who sacrifice everything to fight for the freedom and security of our country. As hospital patients, we rely heavily on our doctors to keep our best interests at heart and to do everything in their power to help us get better. Without our healthcare providers, our nation would suffer greatly from disease, injuries, and wounds that fail to heal properly. Next time you visit your doctor, take a moment to thank him or her for everything he/she does for our country and our citizens.

We Recruit The Best
Because the success of our country is largely dependent upon the strength of our military, every branch of The United States Military is in constant search of the best recruits to serve our country. Similarly, the success and popularity of our healthcare systems is closely correlated to the skill and knowledge of the physicians and other healthcare providers. For this reason, every hospital in the country is looking for our nation's top doctors and physicians. Hiring a medical recruiting company to assist with this process can make a world of difference - The Hire Connection will use all the latest technology to introduce you to the perfect candidate for your open position.

Happy Independence Day From The Hire Connection!
This 4th of July, the team at The Hire Connection would like to wish you and your family a happy and safe holiday weekend. We are proud to be a part of such an amazing country with such wonderful values. Happy birthday, America!


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