Rural Wisconsin Health Coop Announces New Aid in Recruitment

The Rural Wisconsin Health Cooperative recently released a template for a hospital based “grow your own” Pre-Employee Educational Loan Program.  They’ve produced a sample loan agreement and an example of the policy document needed to manage such a program.

As I mentioned in a post a couple weeks ago on health care workforce, the provider shortage problem is bad and by all indications is going to get worse.  There are a number of programs and policies you can utilize to help your facility and community stay ahead of the problem.  The Coop’s grow your own loan program is one.  Another is the Health Professions Loan Assistance program, which I manage.  There are additional loan assistance programs that cover nurses, physical therapists, pharmacists and other health care providers. 

There are other program options, such as scholarships and re-location incentives, but it appears that loan repayment programs are the most effective method of retaining physicians.В  A study from a few years ago on recruitment and retention found that loan repayment program participants remained in their communities longer than scholarship recipients and were generally happier with the community and their work.В  You can contact me if you have any questions about loan repayment program options.

November 24, 2008 В· KJacobson В· No Comments
Tags: , ,  В· Posted in: Provider Loan Repayment

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