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Market
Positioning in Physician Recruitment
- The Foundation for Success
By Allison
McCarthy, Consultant, & Suzanne
Dewey, Associate
Corporate Health Group-Northeast |
Building
a solid foundation is vital for any project:
for the construction of a new home or the
business plan for a new venture. A foundation
becomes the underpinnings of any successful
effort and without it a new initiative can
collapse or never get effectively off the
ground. That foundation is equally important
for a physician recruitment initiative.
In today's market, physician recruiting
benefits from building a solid foundation
before launching into a full-blown search.
Understanding how your organization's practice
opportunity fits into the market and meets
potential candidates' expectations is essential
for success. Consider your stance within
the market. Would adjustments in your organization's
position broaden the appeal to potential
candidates?
If you are just beginning a physician search
or if you have not found success after a
9 to 12-month effort, examine your market.
Gather information to answer some key questions:
* Who else is recruiting in your area?
* Are they recruiting within the same specialty
areas? If so, what types of practice opportunities
are they offering?
* What kind of compensation package is attractive
to a candidate?
* What other key practice offerings are
critical to physicians in that specialty
area?
* Is this a specialty in high demand and
low supply? If so, how do you need to adjust
your market position to make your opportunity
stand apart from the others?
Investigate how your practice opportunity
will measure up against the competition
by conducting some simple market research
about the region's practice environment
and compensation arrangements. This will
help you determine how to tailor your offer
to be more meaningful.
Don't assume you know the answers to these
questions. Use real information, not just
intuition. Talk to physician leaders in
your area to get solid information on that
specialty demands and expectations. Contact
newly recruited physicians in the region
and ask about the key selling points that
helped them choose their new position. Consider
conducting mystery shopping at your competition
to determine what they are offering candidates.
Discover your weaknesses and see if you
can compromise around them.
You may choose to use an outside firm to
help you do this research. While many recruitment
firms offer this type of service, ensure
that the firm you have selected has enough
experience in your region to be aware of
the local nuances. You need the firm to
not only screen and match candidates, but
also do homework up front to know your market
position and advise you on how to deepen
your competitive stance. For many recruiters,
it is just a numbers game. But for you with
limited resources, those numbers count.
If you are like your peers, you may feel
too overwhelmed to take one pre-step before
launching your search. But, don't skip this
important step. Get your foundation in place.
In addition to using existing survey data
from organizations such as the Medical Group
Management Association to determine package
offerings, contact a medical school and
inquire about what their students are most
anxious about, or talk to us and see how
we can fit a market assessment plan into
your recruitment program.
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Consultant
Allison McCarthy brings highly regarded
expertise in physician recruitment,
along with an East Coast perspective,
to CHG. With more than 14 years of healthcare
management experience, Allison offers
invaluable insights on physician relations,
tertiary outreach and network development,
and physician recruitment. For
additional information, please call
1-888-334-2500 or contact
us via the Web. |
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