GI Outlook (GO) 2022 Practice Management & Leadership Conference –Getting Back to the Future of Gastroenterology | August 2022-04_Staffing and Compensation Packages

04_Staffing and Compensation Packages_Rose

Pdf Summary

The document discusses the trends impacting compensation and staffing in the healthcare industry, specifically for physicians and nursing. It highlights that healthcare delivery has become more complex, making the demands on physicians and nursing harder. Safety concerns, mandates, and a changing litigation landscape have also made healthcare less attractive. Additionally, external industries, like Amazon, are competing for staffing by offering better perks and comparable pay. <br /><br />The document mentions that traveling assignments in nursing have become more appealing, not just due to increased pay, but also to fulfill other satisfaction needs. It notes that the Covid-19 pandemic has revealed staffing satisfaction issues, leading to burnout and an exit from the field. It predicts that pay scales will continue to rise, and demand for services will increase, putting pressure on those remaining to do more with less.<br /><br />The document emphasizes that financial factors are still important in staff retention and satisfaction. It suggests that small tokens of appreciation and frequent, open communication can go a long way in retaining staff. The relationship with the practice manager is also highlighted as an important factor. <br /><br />For physicians, the document states that financial factors, such as compensation data and student loans, are important considerations. It also mentions the desire for work-life balance and clear expectations on call, leadership, and teaching opportunities.<br /><br />The document concludes with tips on how to focus on the objective and find objective criteria in negotiations, emphasizing the importance of reasonable and open discussions, managing expectations, and sticking to principles. It advises against yielding to pressure and encourages explaining reasons for not making changes and reinforcing boundaries.<br /><br />In summary, the document highlights the complexity of healthcare delivery and the increased demands on physicians and nursing. It discusses the impact of the Covid-19 pandemic on staffing satisfaction and predicts rising pay scales and demand for services. The document also emphasizes the importance of financial factors and effective communication in staff retention and discusses the specific considerations for physicians.

Keywords

compensation

staffing

healthcare industry

physicians

nursing

Covid-19 pandemic

staffing satisfaction

financial factors

retention

communication