Healthcare Staffing Report: Nov. 14, 2019

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Doctors, hospital administrators differ on retirement notice; ‘stakes are high’

There’s a disconnect between physicians and hospital administrators when it comes to retirement, according to a survey released by Jackson Physician Search. Hospital administrators would like more advance notice from physicians when they decide to retire.

Nearly 50% of hospital administrators said the ideal time for advance notice was three years, according to the survey. On the other hand, 40% of physicians felt six months or less was sufficient.

“Given that a hospital can easily lose $150,000 per month if a specialist leaves and a search for a medical or surgical specialist can take anywhere from five to 10 months, the stakes are high with this disconnect between physicians and administrators about notices of retirement,” said Tony Stajduhar, president of Jackson Physician Search.

In addition, 34% of physicians said they weren’t required to give any notice of retirement, while 81% of administrators said physicians were required to give more than three months.

Still, a majority of physicians, 80%, feel it is their responsibility to broach the subject compared with 37% of administrators.

The survey included responses from 567 doctors across a range of specialties and 100 administrators from across the US. It was conducted in August.