Medical Journal Houston Vol. 11, Issue 6, September 2014

Legal Affairs: Texas Supreme Court agrees with physician and hospital in dismissing late-filed lawsuit, see page 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Leading Source for Healthcare Business News September 2014 • Volume 11, Issue 6 • $3.50 The 2014 Physician’s Recruiting Standard BY THE DELTA COMPANIES INSIDE ▼ Houston first: mobile video monitoring see page 6 INDEX ▼ Legal Affairs......................3 Financial Perspectives.......4 Integrative Medicine.........5 Technology....................6 Physicians Forum.............7 In today’s abundance of one-click access to real-time tweets, instantaneous photo uploads, constant status updates, and instantly available information, most people are accustom to quick turnarounds and speedy communication. This mentality is demonstrated in the world of physician recruitment as illustrated in a recent case study published by Delta Physician Placement. The study compares recruitment outcomes of five facilities in the process of hiring one or more primary care physicians, and suggests that facilities able to make quick decisions during the recruitment process leverage their offer above competing facilities and expedite overall placement time. A qualified physician receives multiple calls per day from recruiters and facility representatives presenting open opportunities throughout the nation that match the physician’s skill set. This influx of opportunities has resulted in a limited window of availability before a desired candidate moves on to the next option. This situation is termed a pyramid of interest, which states a physician’s interest in an opportunity is greatest within 72 hours of his or her on-site interview. According to the case study, facilities that gave an offer within this pyramid of interest had the most favorable outcome. MARKET DEMAND Nationwide Search Distribution 8.0% 4.9% 2.4% . . . . . . . . . . . . 4.5% 3.5% 6.3% 9.8% 10.5% 4.5% 2.8% Map represents searches initiated by Delta Physician Placement on behalf of healthcare facilities from July 2012 through June 2013. Specialty Demand Comparison 2nd Quarter 2013 2nd Quarter 2012 1. Family Medicine Family Medicine 2. Psychiatry 3. Hospitalist Hospitalist Emergency Medicine Emergency Medicine 5. Family Medicine - Obstetrics General Surgery 6. Internal Medicine Psychiatry 7. General Surgery Obstetrics and Gynecology 8. Pediatrics Pediatrics 9. Obstetrics and Gynecology Urology 10. Orthopedic Surgery Pulmonary Critical Care 11. Gastroenterology Family Medicine - Obstetrics 12. Child & Adolescent Psychiatry Gastroenterology 13. Urology Orthopedic Surgery Neurology Otolaryngology Otolaryngology Search Specialty Distribution Internal Medicine 15. see page 7 1.1% 7.7% 14. Financing acquisition of a medical practice In Case 2 of Delta Physician Placement’s study, a facility in Western Montana was able to take advantage of this speed-tomarket mentality. Prior to interviewing any candidates for the facility’s primary care opening, the facility’s CEO prearranged a letter of intent to present to an interviewee on-site in order to aggressively pursue desirable candidates. This facility located, offered, and signed three primary care physicians within a span of two weeks. 2.4% 15.7% 4. THA................................11 3.1% 8.0% 4.9% Neurology Primary Care 60% Hospital-Based 16% Sub-Specialties 13% Surgery 11% Data indicates the percentage of searches initiated by specialty grouping between July 2012 through June 2013 Candidate Placements Top 5 States Providers Have Taken New Opportunities 1. Texas 2. Wisconsin 3. Iowa 4. Data compares the top 15 most requested searches initiated by Delta Physician Placement, comparing the 2nd quarters of 2012 and 2013. Alaska 5. North Carolina Compares all states for the top 5 candidate placements as initiated by Delta Physician Placement from July 2012 through June 2013. Please see PHYSICIANS INDEX page 12 PRSRT STD US POSTAGE PAID HOUSTON TX PERMIT NO 13187