Administrative Affairs

A nationwide physician shortage underscores the need to recruit and retain quality faculty.

By: Eric Conde, M.S.A., CFAAMA
On average, it costs $250,000 to recruit a faculty physician. However, a physician who leaves represents more than $1.4 million in annual lost revenue.
The interview process needs to be highly personalized, essentially “rolling out the red carpet” for the physician and their family.