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How goes the medical industry?? I have a chance to switch specialties, and move into medical recruiting. How is the candidate pool??
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For doctors and specialists it is great. Business never goes down, it is never affected by the economy and you will always be in high demand.
I am not a medical professional. Rather, I am more of a business analyst where I design teams to go into hospitals and provide service for 3-5 years. My commissions are made on the total annual salary for all the doctors I place in that hospital. With most hospitals looking for guranteed doctors and contracts, I never have a hard time getting my teams in there.
I am not a medical professional. Rather, I am more of a business analyst where I design teams to go into hospitals and provide service for 3-5 years. My commissions are made on the total annual salary for all the doctors I place in that hospital. With most hospitals looking for guranteed doctors and contracts, I never have a hard time getting my teams in there.
Stangfriik
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What are people saying regarding the level 1 trauma surgeon shortage in central florida? Seems that Orange County and surrounding counties are shitting bricks b/c they all may leave due to malpractice costs
Another big thing about my company.... is that we pay the malpractice insurance for all our doctors. The doctors do not pay, nor do the hospitals pay. We take care of that. We also take care of 100% of the insurance billing for patients that our doctors service.
We are nationwide and this is the way the market for the future is going to be.
Next we are going to Puerto Rico and UK to start working their healthcare field the same way.
We are nationwide and this is the way the market for the future is going to be.
Next we are going to Puerto Rico and UK to start working their healthcare field the same way.
HUGHJORGEN
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that is kinda what I am thinking. Alot of hospitals are looking for diff specialists, but the fee % seems to ba low from what I can tell. So you just assemble teams, but do not work with individuals, only assembling teams. Hmmmmm my business would only be in placing one at a time. What kind of % are you getting on placements??
that is kinda what I am thinking. Alot of hospitals are looking for diff specialists, but the fee % seems to ba low from what I can tell. So you just assemble teams, but do not work with individuals, only assembling teams. Hmmmmm my business would only be in placing one at a time. What kind of % are you getting on placements??
I get 0.5% of the total annual salary for a team that I place. If I place 5 cardiologists, 3 ER doctors, 3 radiologists, 2 OR pharmacologists, etc.. and the total of all their salaries for the first year is 2.5 million, then I get 0.5% of that for commission. The bigger the teams or the more experienced docs I place, the bigger the commissions. Also, placing docs in undesireable locations like Alabama, Kansas, N. Dakota, etc.. brings in a higher fee as well. placing a single doc is not worth while for me... mainly because any hospital can run an ad in the paper and get one. Most docs that already work in the hospitals are 90% absorbed into our network anyway when we first take over a hospital. But I don't get a commission on these until the contract is up and the hospital renews it. For instance if I place 12 docs in Orlando next week, chances are the other 35 docs in there will become part of our system because it saves them money out of their pockets and also because the hospital put pressure on them to join. So I end up with 47 docs under my contract there. However, I only get a commission off the 12 I placed there. 4 years from now when the contract comes up for renewal, I will get a commission on all 47 or however many more they have under our company at the time.
I make good money placing teams there, but the big money is from contract renewals. Though I won't start seeing any of that until another 2 years in some cases. I have only been here 2 years so far.
I make good money placing teams there, but the big money is from contract renewals. Though I won't start seeing any of that until another 2 years in some cases. I have only been here 2 years so far.
HUGHJORGEN
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well for me a single Dr is a $20-$25K commission per placement, so 6 a year and I am GOLD!( I own my own company)
As far as just placing an add, that works aboput 20% of the time for Drs.( from what i read)
I just was curious as to how easy it was to find doctors. Or if you had a data base I can tap into. Obviusly not of anyone that is under a contract for you.
As far as just placing an add, that works aboput 20% of the time for Drs.( from what i read)
I just was curious as to how easy it was to find doctors. Or if you had a data base I can tap into. Obviusly not of anyone that is under a contract for you.
Actually, our doctors come to us. Either from their university contacts or from the hospital itself. We don't really recruit doctors. They just find us or we absorb the current staff when we take over.
Newspaper ads are effective for certain parts. For instance.. it is geared for individuals thinking of moving to the area. If you wanted to live in CA, would you fly out there and drive around? No, first option is to get a local newspaper and explore it. If you were already living in CA, chances are you already knew where you wanted to work and would have a resume there by now. So you are correct, about 20% are recruited from newspapers.
But as a company for us... it is easier to sell a team than just one doctor.
If you are looking for a doctor to place, I would guess the easiest way would be to start looking at business practices that are closing or turning HMO. Or get a business license and start recruiting from universities. Other than that... I just don't know. Sorry I am not much more of a help.
Newspaper ads are effective for certain parts. For instance.. it is geared for individuals thinking of moving to the area. If you wanted to live in CA, would you fly out there and drive around? No, first option is to get a local newspaper and explore it. If you were already living in CA, chances are you already knew where you wanted to work and would have a resume there by now. So you are correct, about 20% are recruited from newspapers.
But as a company for us... it is easier to sell a team than just one doctor.
If you are looking for a doctor to place, I would guess the easiest way would be to start looking at business practices that are closing or turning HMO. Or get a business license and start recruiting from universities. Other than that... I just don't know. Sorry I am not much more of a help.
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