Oct 23, 2023
As the healthcare industry continues to experience a physician shortage, it’s more important than ever for healthcare facilities to become more competitive with their employment offers and work-life balance opportunities. While high salaries and sign-on bonuses can attract high-quality providers, many facilities don’t have the resources to provide competitive compensation, including Federally Qualified Health Centers, or FQHCs.
What is an FQHC?
An FQHC is a healthcare clinic that offers services to underserved populations often in rural communities. Because these clinics receive federal funding, they are able to provide quality medical care, vision services, mental health, substance abuse treatment, and more regardless of a patient’s ability to pay. In the U.S, almost 26 million patients utilize FQHCs each year.
While a tight budget can make recruiting more challenging, FQHCs have more in their recruiting toolbelt than they might think. Here are some of the top reasons why physicians choose to work for FQHCs:
Providing Care to Underserved Communities
Ask a healthcare provider why they chose a career in medicine and many will tell you they want to help people and make a difference. At FQHCs, providers often care for the underserved and underinsured patients. Without access to regular, preventative care, these patients struggle with chronic issues and require a provider who truly wants to improve their quality of life. Physicians who choose to work for FQHCs often do so because it allows them to care for patients who may not otherwise receive any treatment.
Extensive Skill Building Opportunities
FQHCs typically receive a wide variety of cases and fewer specialist referrals than other hospitals. So providers have the opportunity to treat acute conditions they may not otherwise see at a large hospital system. Providers get hands-on experience with a diverse group of patients which can significantly grow their skills and knowledge base.
Financial Support for Practicing Medicine
Private practices can be expensive to run—-administrative costs and malpractice insurance are just two factors that significantly increase a budget. However, FQHC’s malpractice insurance is covered through the TORT Claims Act, thus avoiding the large expense of malpractice coverage. FQHCs are also able to offer financial stability with guaranteed compensation plans.
Ample Work-Life Balance
Small private practices are like running small businesses, therefore, providers can experience the same kinds of stress. A lack of PTO and an overwhelming amount of work can lead to burnout. However, at an FQHC, providers often receive generous PTO, paid holidays, and normal working hours.
Financial Benefits Beyond Salary
Salary plays a significant role when providers choose a facility to work for. However, FQHCs provide financial benefits that can surpass the salaries offered by other hospitals. Many FQHCs provide the following:
- Reimbursement for continuing education
- Student loan repayment packages
- License and DEA registration reimbursement
- Malpractice benefits with the Federal Tort Claims Act (FTCA)
- Life insurance, disability insurance, and retirement contributions
Are you ready for a change of pace and a rewarding career opportunity? With help from our industry veterans who have decades of experience, Inline can find you the perfect match. Learn more here.
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