Vice President, Recruitment Jackson Physician Search
Eligible for: ACMPE: 1|ACHE: 1|CEU: 1|CME(AAPC*): 1|CPE: 1.2|PDC: 1|PDU: 1 *MGMA is now offering our full conference for AAPC credit via our partnership with ACCME. Please see the event Continuing Education page for more information.
Traditional |Intermediate | Analysis
Nearly two of every five practicing physicians will reach age 65 or traditional retirement age in the next 10 years, potentially stretching an already thin workforce to its breaking point. As the population continues to grow and age, these looming retirements will be the primary contributor to the physician shortage. Fortunately, retirement means different things to different physicians. Data shows that not all physicians intend to fully retire, but rather they plan to continue working in a part-time role or as a locums provider. Because the absence of physicians impacts the health of communities and the financial health of medical groups, it’s critical to uncover physicians’ intentions earlier and consider new ways of incorporating them into your medical staffing plan. During this session, the speaker will discuss current trends influencing physician supply and demand, as well as unpack the results of a new physician retirement study. By understanding physicians’ views on how much notice should be given, whose responsibility it is to initiate the discussion, and how they plan to make the retirement transition, administrators are better positioned to reduce vacancies by enticing physicians to delay full retirement.
Learning Objectives:
Prepare for future staffing needs due to physician retirements, ultimately shortening provider vacancies and achieving higher retention rates.
Examine physician retirement planning from the perspectives of the physician and the employer, as well as areas where gaps exist.
Organize how and when to initiate the retirement discussion, along with factors that will entice physicians to practice longer than originally planned.
