Study: Physician turnover rate stayed at 6.8% last year

A survey by Cejka Search and the American Medical Group Association (AMGA) shows physician turnover rates remain high compared with those of recent years. Released this week, the ninth annual Physician Retention Survey reported a 6.8% turnover rate in 2013. That matches the 2012 rate, which was the highest reported since data were first collected in 2005. Physician turnover in 2012 and 2013 was greater even than in 2009, in the depths of the economic downturn, suggesting a sluggish economy and unstable job market aren’t necessarily the only issues at play.

One significant factor driving physician turnover is retirement. According to Cejka Search, 18% of respondents listed retirement as the reason for employment separation in 2013. That is the highest percentage ever reported. Donald W. Fisher, PhD, CAE, President and CEO of the AMGA, says an accelerating retirement rate will force organizations to develop creative staffing solutions.

Source: MDNews