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Follow on Google News | Accountable Recruitment Through Cejka Search Delivers 15:1 ROIGreater Efficiency and Fit in Physician Recruiting Creates Measurable Return on Investment
By: Cejka Search “Solutions must deliver measurable value,” said Lori Schutte, MBA, president of Cejka Search. “In the process of recruiting highly qualified clinicians who are a good fit for our clients, every engagement offers economic upside from a combination of time savings, revenue opportunity, cost efficiency and retention.” Advanced recruitment technology, effective candidate engagement, skilled screening and recruitment- Faster Time-to-Fill: Cutting time-to-fill by nearly half translates to average revenue gains of $462,000 per filled vacancy. Lower Interview-to- Reducing the interview-to- Better Fit for Retention: Ensuring best fit reduces turnover by 21.4 percent during the vulnerable first three years in practice, which translates to a savings of $274,286, based on an estimated $1.3 million in annual replacement cost per physician. Branding Best Practices: Applying a transparent client branding methodology through multi-channel marketing generates an average of 24 percent more qualified candidates per search. Best-in-Class Fill Rates: Filling 77 percent of searches empowers clients to efficiently hire physicians and advanced practice clinicians fitting their new value-based delivery models Technology-enabled recruitment solutions drive a15:1 ROI by defining and addressing the causes of hidden recruitment costs: inefficient sourcing, excessive interview costs, turnover and lost revenue due to prolonged vacancies of physicians, nurse practitioners and physician assistants. “Just as accountable care models focus on achieving better care outcomes at a lower total cost, accountable recruitment must result in economic upside through hiring the best providers at the lowest total cost on a sustainable basis,” Schutte said. Another similarity between accountable care and accountable recruitment: “External benchmarks are available, but are largely irrelevant without internal metrics and a plan to increase recruitment efficiency and effectiveness,” About Cejka Search Cejka Search is a nationally recognized physician, health care executive, advanced practice and allied health search firm providing services exclusively to the health care industry for more than 30 years. Cejka Search recruits top health care talent for organizations nationwide through our team of experienced professionals, award-winning recruitment technology and commitment to service excellence. Cejka Search is a Cross Country Healthcare, Inc. company, a leading provider of health care staffing services in the United States. For more information, visit http://www.cejkasearch.com. (http://www.cejkasearch.com/ Industry benchmarks are based on data from: “2012 In-House Physician Recruiter Benchmarking Report,” Association of Physician Staff Recruiters; and “2012 Physician Retention Survey,” American Medical Group Association and Cejka Search. End
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