This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Physician Shortage Challenges Medical Groups And Increases Demand For Advanced Practitioners

ST. LOUIS, March 12, 2012 /PRNewswire/ --  As the era of accountable care evolves and the medical home model becomes more prevalent in organizations, the delivery of successful patient outcomes is expected to be increasingly dependent on the performance of an effective patient care team. Forming and maintaining care teams – especially in primary care – will be among the industry's most significant challenges, according to the Cejka Search and American Medical Group Association's (AMGA) 2011 Physician Retention Survey, which for the first time includes staffing and turnover benchmarks for both advanced practitioners and physician staffing.

The turnover rate for both nurse practitioners and physician assistants reported by the survey is 12.6 percent, which nearly doubles the combined, adjusted physician turnover rate* of 6.0 percent. The combination of a projected physician shortage and already high turnover for nurse practitioners and physician assistants places even more pressure on medical groups to use advanced practitioners to fill the gaps in patient care and compensate them appropriately.  

"Recruiting and retaining physicians and advanced practitioners is more critical now than ever," said Lori Schutte, president, Cejka Search.  "In the previous year's survey, the majority of groups told us that the medical home model will deliver a competitive advantage in recruiting primary care physicians and advanced practitioners.  But finding, hiring and keeping them is a growing challenge.  Medical groups need to be prepared to hire the candidates that are the best fit for their organization."

"As organizations seek to meet these staffing demands, it is important to recognize that the qualities once sought in a physician or advanced practitioner five years ago have changed along with the health care environment," said Donald W. Fisher, Ph.D., CAE, AMGA president and chief executive officer.  "Collaboration and teamwork are significantly more important to medical groups and health systems because care models and performance measures require it. The ability to work effectively as a member of an accountable care team becomes a valued skill for physicians and advanced practitioners who increasingly will partner with colleagues in primary care, hospital medicine, a wide range of specialties and subspecialties and allied health."

More than two-thirds (67%) of respondents from the 2011 survey reported that the involvement of advanced practitioners in their groups has grown "somewhat" or "significantly" in the past five years. This response increases to 75% when looking ahead toward the next five years. The respondents also indicated that they identified 21% and 13% growth in new positions, respectively, for physician assistants and nurse practitioners in their groups in the past twelve months.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,655.59 -27.99 -0.16%
S&P 500 2,067.13 -1.63 -0.08%
NASDAQ 4,963.9850 -27.9550 -0.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs