New Physicians are In Demand

According to a 2019 survey conducted by Merritt Hawkins, primary care residents in their final year of training reported being inundated with recruiting offers. Two-thirds (66%) of survey respondents said they received 51 or more recruiting offers, while 45% received more than 100.

Geographic location followed by a good financial package and the availability of personal time were the top factors as resident respondents considered practice opportunities.

Ninety-one percent of residents said they would prefer to be employed by a hospital, medical group, or other facility than to be in independent private practice. A driving factor of this preference appears to be residents’ feelings of being unprepared to handle the business side of medicine, with only 8% of survey respondents reporting they feel very prepared.

To help prepare residents for the business of medicine, Family Medicine Foundation of Michigan hosted the inaugural Beyond Clinical & Curriculum: Family Medicine Resident Conference on May 10. Experts provided insight and resources for acing the family physician job interview, understanding the employment contract, making found financial planning decisions, and exploring the variety of practice models that a career as a family physician offers. The date and location of the 2020 Beyond Clinical & Curriculum conference will be announced soon so residents can save the date on their calendar now! Watch for more information.