“I’ve had a string of bad hires, I’m already in the red, and I have about 6 months before I have to shut my doors completely. Can you help?” This desperate question came from a Physician-owner of an independent practice just a few weeks ago.
Unfortunately, there is a growing sense of futility among healthcare practices whose struggles to recruit and hire high-quality talent may literally make or break their business.
Like many health care practices across the nation, you have likely experienced the difficulty of recruiting. Talent pools and credentialing requirements vary from market to market. One thing, however, remains consistent. No matter the market, healthcare recruiting is hard!
Why Is Healthcare Recruiting So Hard?
In 2016, healthcare job openings reached an all-time high, but only about ½ of those positions were filled 1. Not only that, but the Bureau of Labor Statistics predicts that health care occupations will grow 18% from 2016 to 2026. With the 2nd highest turnover rate in the United States2, modern health care practices face serious recruiting challenges.
This trifecta of high demand, limited talent pools, and high turnover are increasing pressure in an already stressed industry.
Too often, practices are forced to use expensive temporary staffing. Or, practices hire poorly matched candidates, which leads to turnover. This costs you time and money, and perpetuates the cycle of inefficiency.
Whether you rely on job posts or recruiters, the experience is often the same. You are either inundated by unqualified candidates, or you receive no candidates at all.
Better Recruiting Means Business Growth And Sustainability
A recent study of over 600,000 professionals found that high performers are around 400 percent more productive than average performers 3.
With this in mind, it is even more important that independent practices, IDNs, community health centers and other mission-driven medical providers find and hire the best quality talent available.
SolutionsHub Now Offers Recruiting Services by TalentCare
As Henry Schein Medical customers, many of you have voiced your growing concerns about recruiting, and we have listened. Henry Schein SolutionsHub is proud to offer recruiting services from TalentCare.
TalentCare provides recruitment services for organizations of all sizes, from private practices to enterprise health systems. No matter your hiring needs – few or many, clinical or non-clinical, front line to executive – TalentCare can do it all.
You now have access to exclusive pricing, which is around half the cost of traditional recruiting. Plus, the split fee structure helps ease cash flow burdens.
Learn more about how TalentCare is different, and start your candidate search today at talentcaremedical.com.
1 source: https://www.bls.gov/spotlight/2016/a-look-at-healthcare-spending-employment-pay-benefits-and-prices/pdf/a-look-at-healthcare-spending-employment-pay-benefits-and-prices.pdf
2 source: http://www.compensationforce.com/2017/04/2016-turnover-rates-by-industry.html
3 Herman Aguinis and Ernest O’Boyle Jr., “The best and the rest: Revisiting the norm of normality in individual performance,” Personal Psychology, Volume 65, Issue 1, Spring 2012, pp. 79-119, onlinelibrary.wiley.com.