Why Should Your Facility Use Locum Tenens Physicians?
Primary Care Physician Shortage
You’ve probably seen the reports and statistics on the ongoing Primary Care Physician shortage by now. More importantly, too many facilities are feeling the real effects of this ever-growing crisis. It’s not just in Primary Care, many Surgical and Sub-Specialties are experiencing this issue as well. Hospitals, healthcare organizations and private groups are all competing for the best candidates, leaving many facilities dangerously understaffed.
Effects of Physician Shortage
When a facility is short staffed, the long-term effects can be devastating! Patients are scheduled further out for appointments, the staff is overworked, patient care suffers, and the practice loses money.
How Do Locum Providers Help?
Locum providers offer you the ability to maintain and/or grow your current patient population while your facility searches for a permanent provider without loss of revenue and avoiding staff burnout. The practice is also limiting risk and keeping malpractice costs low as locum providers covered by our malpractice and paid by KPS Locums directly.
Cost for Locums is Often Less Than a Permanent Physician
We often hear that Locum Tenens Providers are “too expensive”. And most of the time, this is just not the case. Locum providers often cost LESS than a permanent full-time provider.
Most facilities often look at the base compensation of their permanent full-time providers only and often fail to factor in the health benefits, CME, pension plans, bonuses, malpractice and of course all the time off they must pay a physician NOT to be there between vacation, CME time, holidays and sick time. The employer’s portion of FICA payroll taxes, 6.2% of Social Security tax and 1.45% Medicare tax are some of the commonly overlooked costs. With all these costs factored in, the real dollar to dollar cost is often less for a Locum provider.