Physician Executive Search

A physician executive search can be some of the most important sourcing a recruiter does within a healthcare organization – and some of the most difficult. After all, you don’t want to hire just anyone to join your healthcare organization’s group of leaders – they need to be the perfect fit, with the right kind of experience and demeanor for your workplace. Sometimes that means shaking it up a bit, but other times it means bringing in a candidate who is going to sit on top of a well-oiled machine and let it run. How can you even begin your needle-in-a-haystack healthcare executive search if you don’t have the right tools?

Physician executive leadership recruitment can be challenging, as it often requires finding highly qualified candidates in competitive markets. However, Loxo AI can leverage all the power of the world’s largest talent directory, outbound automation, a recruiting CRM and applicant tracking system to help you find the perfect fit for your healthcare organization. When beginning a medical executive search, it can feel like there’s a lot at stake, especially as an in-house medical recruiter. After all, depending on what position you’re hiring for – you could potentially be searching for your new boss or manager! Even in an agency environment, your healthcare clients are counting on you to find a candidate that is going to make the best decisions for their patients and their current employees. Medical executives have a lot of responsibility when it comes to the organization, including providing:

• Medical Expertise
  • It’s important to select an executive with experience that matches the healthcare organization’s field. For example – you probably wouldn’t want to hire a primary care executive to be the CEO of an optometry organization. Although the primary care executive may have years of healthcare experience and is a talented physician, they may not have the specific expertise necessary to lead a staff of optometrists and ophthalmologists.
• Strategic Vision
  • Medical executives are responsible for more than just being a doctor themselves – by the time a physician has made it to the executive level, they have likely stopped seeing their own patients and transitioned to providing strategic leadership for the organization overall.
• Resource Allocation
  • Medical executives are often responsible for allocating resources, including personnel, finances, and technology. They must balance competing priorities and make decisions that ensure the organization has the resources it needs to provide high-quality care.
• Quality improvement
  • Medical executives are responsible for ensuring that the organization provides high-quality care. This may involve making decisions related to patient safety, quality improvement initiatives, and implementing evidence-based practices.

Physician Executive Search Firms

Healthcare executive search firms can play a large role in medical recruitment and finding top executive candidates. Not every healthcare organization has in-house recruiters, which means that finding candidates to fill positions is not part of a staff member’s every day responsibilities. When it comes to executive searches, it’s important to not leave anything up to luck. The best healthcare executive recruiters should be actively sourcing and screening executive candidates to present your healthcare organization with a list of applicants that could be a good fit for your organization’s needs. There are many reasons why a healthcare organization might invest in physician recruitment services. For example:

• Access to a larger pool of candidates
  • Physician executive search firms have access to a wider range of potential applicants than most healthcare organizations. This is likely for a few reasons. Firstly, it is the job of a recruiter to form networks and keep previous candidates in the back of their mind for future positions. Secondly, the tools that are utilized by top recruiter services are not widely available in other industries. A tool such as Loxo AI gives recruiters everything they need to source and screen top applicants all in the same platform, greatly minimizing any extra lift to find the perfect placement.
• Effective use of resources
  • If a hospital doesn’t have in-house recruiting teams, it can be incredibly inefficient for staff to drop everything and devote their time to finding a new executive. Partnering with a physician recruitment company can streamline the process and save the organization time and money by handling job listings, screening candidates, and arranging interviews.
• Faster time to hire
  • Physician recruitment firms have access to tools that dramatically improve sourcing and workflow, increasing speed and reducing the time required to hire the best candidate for the organization. Very few healthcare organizations have the expertise, tools, or other resources required to dedicate all of their time to searching for a new executive physician.

Physician Executive Recruiter

Many industries use recruiters to find the best talent in their field. Healthcare recruiters are professionals who have developed expertise and experience in matching healthcare candidates to positions. Physician recruiters typically work closely with healthcare organizations to understand their staffing needs and develop recruitment strategies to attract the best talent. This may involve posting job listings, reviewing resumes and applications, conducting phone and in-person interviews, and coordinating candidate visits.

In addition to recruitment activities, physician recruiters may also assist with other aspects of the hiring process, such as negotiating compensation packages, facilitating credentialing and licensing, and ensuring compliance with industry regulations. Overall, the goal of a physician recruiter is to help healthcare organizations find and attract the best physicians for their needs, ultimately improving patient care and organizational outcomes.

Healthcare executive recruiters play an extremely similar role, with an added challenge – they are searching for candidates with decades of experience, a proven track record, leadership experience and capability, and other niche requirements that organizations search for in executives. Physician executive recruiters can also face the difficulty of candidate shortage due to an aging population. That’s why it’s super important for recruiters to have access to the best tools that can streamline processes and leverage AI algorithms to learn hiring patterns, suggest candidates, and automate tasks. Executive recruiters need all the help they can get! Loxo is built to help executive recruiters master their pipeline, manage tasks, and more – with airtight security and built-in contact systems.

Healthcare Staffing Agencies For Physicians

A healthcare staffing agency for physicians is similar to a regular recruitment company, but they have narrowed their focus and expertise to the healthcare industry. A recruitment company may serve a variety of industries and find that that approach works well for them and their clients. However, healthcare is a very specialized industry that leaves little room for error, especially in hiring. A healthcare staffing agency has found their niche and focuses entirely filling open positions within a healthcare organization. Some healthcare staffing agencies may be on a retainer with certain organizations and are responsible for filling all of their open positions, while other agencies may prefer to be contacted on an occasional basis and may specialize even further into physician executive talent management.

Conducting an executive search for hospital CEOs with a medical background can be a full-time job – literally! That’s why healthcare staffing businesses exist. Very few healthcare organizations have the time, resource, or expertise to source and screen executive candidates in their desired time frame. Loxo gives recruiters at physician executive talent management organizations the tools they need to find and screen executive candidates – and then do it all over again for their next client. Loxo uses AI to suggest candidates and screen from the largest talent pool system in the world. It also automates outbound recruiting entirely so that recruiters can focus on inbound leads and spend time with existing candidates.

Healthcare recruiters also face unique challenges that other industry recruiters may not come up against in such frequency. Examples of the challenges that healthcare recruiters face include:

• Talent shortages
  • As we mentioned briefly before, the demand for healthcare professionals is high and growing, and the supply of healthcare professionals is not growing to match.
• Complex regulations
  • Healthcare recruiters must be familiar with complex regulations such as HIPAA and ensure that candidates can meet those guidelines.
• Lengthy hiring process
  • The hiring process for healthcare professionals can be longer than other industries, with multiple interviews and expensive credentialing and background checks. Loxo AI can help recruiters shorten this gap and hire executives quicker.
• Competitive compensation
  • Recruiters are often in charge of handling or communicating compensation packages. Healthcare professionals are in high demand and often receive multiple offers when they are job seeking. As a result, healthcare organizations must enable their recruiters to offer competitive compensation packages to attract and retain top talent.

Using tools like Loxo AI can assist recruiters in mitigating the challenges of working with the healthcare industry.

Physician Executive Search Strategies

Did you know that more than 40% of executive searches fail? Many organizations conduct their own searches for executives and despite pouring thousands of dollars and hundreds of hours into the search, they are still unsuccessful. Here are some physician executive search strategies that can help healthcare organizations find and hire the right executives.

• Do the proper research
  • While it might be simple enough to delegate the research phase, physician executive recruitment firms should not underestimate the research phase. Tools like Loxo AI exist to assist firms in their research, drastically reducing the time to hire and helping them choose better candidates.
• Don’t wait until the last minute.
  • Healthcare organizations should participate in physician executive succession planning, if they are able to. The sooner they start looking for a new executive, the sooner they can have a new candidate in place. Participating in succession planning gives everyone involved time to adjust and can prevent long gaps without executive guidance.
• Set realistic expectations.
  • Understand that there’s no such thing as the _perfect_ hire. It’s incredibly unlikely that a top healthcare executive with 20 years of experience will accept a salary that is less than well above industry standard. Participate in physician executive compensation benchmarking to ensure that the compensation packages you are offering are competitive.
• Keep priorities consistent.
  • Shifting priorities mid-search can cause many executive searches to fail. When priorities change mid-search, the time and money spent on candidates prior to that point have been wasted. In order to give an executive search for healthcare professionals the best chance of success, engage in solid planning from the beginning to avoid re-prioritizing later on.

Engaging in healthcare executive searches can be a long and daunting process – but it doesn’t have to be. Loxo AI is built to assist recruiters in their search, screening the largest talent pool in the world. Loxo AI gives recruiters all the tools they need to manage their recruitment process all in the same platform, quickening the time to hire and helping their clients make the right decision the first time.