Help wanted: 5.6 million more health care workers by 2020
Demand for health care services will grow twice as fast as the economy over the next eight years, creating 5.6 million new jobs in health care occupations, according to a report from the Georgetown University Center on Education and the Workforce. The report looks at expected demand for health care workers by occupational group, educational requirements and other factors. The center also released a state-by-state report on health care job growth. Both reports can be found at http://cew.georgetown.edu/healthcare.
Transformation of health care impacts physician compensation
The Medical Group Management Association's latest Physician Compensation and Production Survey found that in 2011, primary care physicians reported a 5.16 percent increase in median compensation. Physicians in family practice, without ob-gyn, reported median earnings of $200,114; physicians in pediatric/adolescent medicine earned $203,948. Internists also reported a 5 percent increase. The trend may be driven by health care reform, including new payment methods, the focus on coordinated care and the need to cut costs. Compensation for pyschiatrists climbed 3.86 percent compared with other specialists, possibly reflecting a move toward a team approach to care, which includes a behavioral health component. Visit www.mgma.com.
Hospitals bidding farewell to 1- or 2-physician practices
Hospitals have virtually given up the search for solo physicians, a survey found. Of the 2,710 physician recruiting assignments conducted by Merritt Hawkins from April 1, 2011, to March 23, 2012, only 28 1 percent were for solo physicians. By contrast, 22 percent of the firm's recruitment assignments in 2004 were for solo practitioners. "Nobody wants to be Marcus Welby anymore, practicing alone or with a partner, and fewer hospitals are seeking solo doctors for their communities," says Merritt Hawkins founder James Merritt.