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Becoming a Physician is Expensive

Tiffanie Lee
Posted by Tiffanie Lee on Jun 10, 2016 11:01:20 AM
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PracticeLink Fun Fact Friday

Here is your fun fact for this Friday! Although this fun fact might be fun for you, the physician recruiter, it isn’t so much fun for the physician. While being a physician is one of the highest-paid careers, many doctors seek additional part-time work to help pay off medical school debt. (http://facts.randomhistory.com/doctor-facts.html)

When most candidates who have student loans begin practicing, they’ve accumulated a steep amount of medical school debt. So it’s no surprise that when many of them begin searching for their first practice, they’re not only concerned with salary alone; any additional benefits that may help to alleviate this heaping amount of debt will certainly pique their interest!

Recruiting physicians today is more challenging than it was just a few years ago; it’s certainly a familiar struggle to stay ahead of your competition and snatch up those candidates before someone else does! If you’re not currently asking candidates about their student loan debt, it’s undoubtedly a good time to start.

Think about what assistance you are offering now. If you’re not offering any, you could be losing out on some great candidates. An organization that has incorporated student loan repayment strategy, in some form, offers a competitive edge when recruiting. Candidates can learn, in advance, how much money they can ultimately save by signing with you.

Do you currently have a loan repayment strategy in place for your organization? We want to know more about it. Share with us by taking our two question survey below.

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Topics: Fun Fact Friday

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