I have just read an article on about the state of hospitals in the State of New Jersey. It is dismaying in the last 10 years 22 hospitals have closed leaving thousands of people out of work and thousands without immediate health care that is close to their homes, but that is not all at least three seem to be teetering on the edge of bankruptcy and closing their doors as well. It is a tragic story of what seems like a mix of bad public policy and New Jersey having a huge budget shortfall.
What does one do when their lively hood is taken away? We have found that most of the pharmacists from these hospitals have found jobs at other hospitals, community pharmacies or retail outlets which comprise about 71% of all jobs for pharmacists in the state and nationally. But those are usually last options and all too often we find pharmacists with experience that most would kill for cannot find jobs because hospitals are looking for Pharm D's not a B.S. and there is a glut of pharmacists out there looking for good jobs so the job market is as competitive as it has ever been. (please refer to my article named: Pharm D is it all B.S.)But it is not only pharmacists it is administrators, office staff, nurses, doctors, therapists, accountants, human resource professionals, management who now have to look for jobs and often the 2 weeks to 3 months warning they give folks about the closure it often not enough time for them to find jobs with equal pay or that is as gratifying as the job they used to have. It is a sad mess but it is reality and perhaps other states are going to have to deal soon as well. Perhaps they can learn from the situation in New Jersey. Click Here to read the article I referred to in this post.
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The glut is already here!!
ReplyDeleteThe recruiter for the Rocky Mountain Poison Center tells me that (Aug 11, 2009) 6 months ago a posting for a pharmacist position would generate 3 to 4 applicants. Now he gets 20 to 30 applicants. One hospital position at a major Denver hospital generated 40 applicants, according to the hiring manager (if you’re still interviewing for a pharmacist job, and I’m sure many of you are, just ask how many applicants this year compared to last). Schools continue to open, and class sizes are continually increased. In metro Denver, the number of new grads has gone from 120 four years ago to 170 new students in the state school and 60 more at the new private school. That’s almost twice as many!
Schools generate revenue by making PharmDs. There is no incentive for schools to consider their students’ employment prospects. An east coast recruiter tells me that all major metropolitan areas are totally saturated for hospital pharmacists and he’s now placing only in rural Maine. A major chain that has been opening 500 stores per year is done with that and enhancing services at their extant stores, which does not require additional pharmacists. There still is no viable model for covering expenses for Medication Therapy Management.
With this glut, qualification inflation has set in. A hospital in Denver posted for a pharmacist, accepting only applications for PharmDs and strongly preferring a residency. Many good, experienced RPhs will be locked out. As the engineered glut continues, the “clinical” pharmacists driving pharmacy education will get their wish to have all PharmDs complete residencies. But will residencies be available? And afterwards, will jobs be available? Many pharmacists have postponed retirement, having seen over ½ of their retirement wiped out by the stock market crash.
Approximately 30% of my class could not secure employment as of graduation (Informal survey—representative of class in terms of academic standing, work ethic, desire for immediate employment, internship experience, etc.
BEWARE!
Hello EveryOne!
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