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MERRITT HAWKINS First I would like to thank you once again for selecting Merritt Hawkins to be your recruiting partner and for all the time you have spent with me today. It was very beneficial to me and I will certainly come away with some in-depth knowledge and insights that will better allow me to represent your opportunity. I know it’s the end of the day and your time is limited, but I hope we can spend the last 30 minutes or so reviewing this power point. It will allow us to confirm some of the details we have discussed today, and establish the basis for our strategy and process moving forward. PREPARED FOR Upstate New York Physician Recruiters
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About AMN Healthcare
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Leadership Position In Each Business Segment:
Due to a leadership position in multiple business segments of healthcare, AMN is able to partner with clients from executive leadership to clinical roles. As an organization, we take pride in becoming a strategic partner with our clients versus a transactional vendor. A total healthcare workforce solution!
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Commitment to Diversity
AMN is committed to fostering and maintaining a diverse team that reflects the communities we serve. Our diversity and inclusion philosophy is grounded in the belief that we should respect all voices. We will achieve our personal and professional goals when we capitalize on our differing backgrounds, experiences, and perspectives 68% of our team is women 62% of our supervisors and senior managers are women Executive team includes women as CEO, Chief Legal Officer, Chief Talent Officer, President of Leadership and Search Solutions, & divisional/ brand presidents 35% of our entire team is non white Our team is 55% Millennials, 36% Generation X and 9% Baby Boomers With the acquisition of B.E. Smith, you can see how AMN adds an entirely new Executive Leadership category that will drive and complement other Workforce solutions. IMPACT | RESPECT | DIVERSITY | INCLUSION
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Workforce Solutions Staffing and Recruitment Travel nursing Per Diem Locum tenens Allied health staffing Physician placement Rapid response and crisis staffing International Nursing Mid- to senior level leadership placement EMR implementation Workforce Solutions Managed services programs (MSP) Recruitment process outsourcing (RPO) Vendor management systems (VMS) Scheduling and Labor Management Education services Float pool management HIM & Medical Coding Executive Leadership Interim leadership Executive search Physician leadership search Nurse leadership search Executive coaching Leadership training and Development Advisory Services Workforce analysis and optimization Predictive modeling and analytics Strategy consulting Financial and operational performance Improvement Regulatory compliance Labor disruption With the acquisition of B.E. Smith, you can see how AMN adds an entirely new Executive Leadership category that will drive and complement other Workforce solutions. Value through leadership, innovation and strategic insight
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About Merritt Hawkins
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Merritt Hawkins 2 minutes
Nation’s leader in full service physician & clinical executive search services Represented 3,045 permanent physician, midlevel & executive search assignments in 2018 Placement settings ranging from Fortune 50 to universities/hospitals 30+ years experience and heritage. Recognized as a national thought leader & market intel resource for healthcare executives (testified before congress) Endorsed provider of 90% state hospital associations that have said designation 2 minutes Can we add Children’s Hospitals – Jonathan Norwalk, Connecticut testimonial? Kelly and Rachel - Lucille Packard Children’s Hospital Stanford [CLIENT NAME] Children's Health System is on our wish list -We would like to add [CLIENT NAME] Children's Health System
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Thought Leadership Review of Physician and Advanced Practitioner Recruiting Incentives Physician Appointment Wait Time Survey Physician Inpatient/Outpatient Revenue Survey Survey of PA Recruiting and Employment Trends Survey of Final Year Medical Residents Survey of America’s Physicians Practice Patterns and Perspectives
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Whitepapers The Changing Landscape of Academic Physician Recruitment
Recruiting Leaders to Academic Medical Centers The Growing Use and Recruitment of Hospitalists Ten Keys to Enhancing Physician/Hospital Relations Rural Physician Recruiting Challenges and Solutions Structuring an Effective Physician Interview Demonstrating Community Need for Physicians International Medical Graduates: Qualifications to Practice in the U.S. and Related Considerations Psychiatry: “The Silent Shortage” The Aging Physician Workforce: A Demographic Dilemma Nurse Practitioners and Physician Assistants: Supply, Distribution, and Scope of Practice Considerations The Physician Shortage: Data Points and State Rankings Physician Supply Considerations: The Emerging Shortage of Medical Specialists RVU FAQ: Understanding RVU Compensation in Physician Employment Agreements The Economic Impact of Physicians Ten Keys to Physician Retention Trends in Incentive-Based Physician Compensation Population Health Management and Clinical Staffing Telehealth: The Integration of Telecommunication into Patient/Provider Encounters Convenient Care: Growth and Staffing Trends in Urgent Care and Retail Medicine
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The Market
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Physician Practice Patterns
External Challenges Physician Practice Patterns See 3.08% fewer patients/day than in 2012. Work average of 53 hours/week, down from 57 hours in 2008. Spend 20% of their time on non-clinical paperwork. Multiplying Sites of Service Seeking Physicians Source: The Physician Foundation/Merritt Hawkins 2014 Survey of America’s Physicians: Practice Patterns and Perspectives
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The Active Physician Workforce (U.S.)
Who is on the Team Today? The Active Physician Workforce (U.S.) Total In Practice 809,256 Number in primary care (FP, IM, PED) 259,771 (32.1%) Number in specialties 549,485 (67.9%) Total residents and fellows 123,190 Total final year residents 30,212 Percent male 539,774 (66.7%) Percent female 269,482 (33.3%) Percent international medical graduates 195,840 (24.2%) Percent 56 and older Percent 66 and older 314,801 (38.9%) 106,013 (13.1%) Source: AMA Master File
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External Benefits Physician Geographic Preferences
48% of providers prefer one of six states Only 3% would prefer a community of 25,000 or less Only 2% of residents indicated they would prefer a solo setting as their first practice. Source: Merritt Hawkins’ 2015/2016 Survey of Final Year Medical Residents
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Physician Supply and Demand Considerations for New York
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Total Active Physicians:
New York Physician Workforce Total Active Physicians: 72,095 Source: 2017 State Physician Workforce Data Book
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What Do You Plan to Do in the Next 1-3 Years?
All Continue As I Am 54.2% Cut Back on Hours 22.3% Retire 17.4% Switch to Concierge 4.5% Work Locum Tenens 8.4% Sell practice to hospital/ health system 2.2% Merge with another physician group 2.8% Seek a Non-Clinical Job Within Healthcare 12.4% Seek Employment with a Hospital 4.3% Work Part-Time 8.5% New York 55.6% 22.0% 13.9% 6.7% 7.2% 2.5% 14.9% 7.4% 8.4%
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New York Physician Workforce
Output ($ in billions) Jobs Created Wages & Benefits Taxes ($ in millions) $81.9 287,378 $61.8 $4,924.4 Source: The Lewin Group
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New York Physician Workforce
Active Physicians per 100,000 New York State Median Rank 365.1 257.6 3rd Active Primary Care per 100,000 New York State Median Rank 111.2 90.8 7th Source: 2017 AAMC State Physician Workforce Data Book
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New York Physician Workforce
Percentage of Active Female Physicians New York State Median Rank 37.9% 33.8% 6th Percentage of International Medical Graduates New York State Median Rank 37.2% 19.1% 2nd Percentage of Active Physicians Age 60 or Older New York State Median Rank 33.4% 30.3% 9th Source: 2017 AAMC State Physician Workforce Data Book
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Starting Salaries SPECIALTY LOW AVERAGE HIGH Family Medicine $165,000
$241,000 $400,000 Psychiatry $200,000 $261,000 $465,000 Internal Medicine $190,000 $261,000 $475,000 Orthopedics $340,000 $533,000 $985,000 Radiology $309,000 $371,000 $650,000 Urology $290,000 $386,000 $700,000 Obstetrics/Gynecology $200,000 $324,000 $550,000 Hospitalist $215,000 $269,000 $365,000 Gastroenterology $355,000 $487,000 $725,000 Emergency Medicine (ABEM Only) $250,000 $358,000 $568,000 Neurology $255,000 $301,000 $395,000 Cardiology (invasive) $480,000 $590,000 $810,000 Source: 2018 Review of Physician and Advanced Practitioner Recruiting Incentives and Merritt Hawkins Database
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Education Loan Forgiveness
Additional Financial Components Relocation Allowance Education Loan Forgiveness Signing Bonus No- 910 (30%) No- 46 (2%) Yes- 2,135 (70%) Yes- 2,999 (98%) 1 Year - 18 (3%) 2 Years (19%) 3 Years (78%) Physicians only Low $2,500 High $180,000 High $25,000 Low $10,000 High $300,000 Average $33,707 Average $9,441 Average $82,833 NPs & PAs only Low $1,500 High $25,000 Low $25,000 High $100,000 Low $5,000 High $30,000 Average $11,944 Average $6,250 Average $59,860 Source: 2018 Review of Physician and Advanced Practitioner Recruiting Incentives
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Average In/Out Patient Revenue
Results New York Last 24 months Total Total physicians placed ~ 60 260+ Most requested searches (Top 5) nationwide 2018 Family Medicine 497 Psychiatry 243 Internal Medicine 150 Radiology 132 OB/GYN 118 Specialty Average In/Out Patient Revenue Family Medicine $2,111,931 Psychiatry $1,820,512 Internal Medicine $2,675,387 Obstetrics/Gynecology $2,024,193 Orthopedic Surgery $3,286,764 Source: 2017 AAMC State Physician Workforce Data Book
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