Physicians Deserve a Better Way to Find Their Next Job
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Physicians Deserve a Better Way to Find Their Next Job

Choosing where to practice is one of the biggest decisions of a physician's career. The tools built to help them make it were designed for someone else.

Mike Anderes

Managing Director, Ballad Ventures

May 26, 2026

3 min read

Think about the last time you made a truly consequential decision.

You probably didn't make it based on a one-page summary, a 30-minute conversation with someone paid to sell you on it, and a gut feeling. You took your time. You asked people you trusted. You looked at the reality underneath the marketing.

Now imagine you're a physician choosing your next job.

You've spent a decade or more training. You've built a specialty, a patient philosophy, a way of working that feels like yours. The job you take next will shape your days, your income, your family's life, and - most importantly - whether you still love the work five years from now.

And here is what you are handed to make that decision: a job post written by a marketing team. A recruiter who gets paid only if you sign. A site visit choreographed to look better than most Tuesdays actually do. Maybe two or three interviews with people who have an obvious stake in telling you yes.

That is not a decision framework. That is a pitch.

The information asymmetry physicians live with

47% of US physician searches remained open at year-end, according to AAPPR. The reasons are usually framed from the hiring side - workforce shortage, recruitment difficulty, market competition. Those are real. But the under-told story is what physicians are asked to accept on the way to saying yes.

What is the actual case mix at this site? How many of the procedures you trained for will you actually do? What does the call schedule look like in month three, not month one? How much of your day is charting? Who covers you when you're sick? Which colleagues left last year, and why? What did they tell friends about this place?

These are the questions that decide whether a job fits. They are also the questions that are hardest to get honest answers to - because the people offering you the job know that the more you know, the more you might hesitate.

So physicians do what anyone would do. They rely on a friend who knows someone. They trust a gut read of a site visit. They take the leap.

And then, too often, they arrive to find something different than what was described. The case mix is skewed. The call burden is heavier. The autonomy they were promised turned out to be conditional. Within a year or two, they're thinking about leaving.

The industry has a word for what happens next. It calls it burnout. A meaningful share of it is something simpler: a mismatch no one measured before the physician said yes. The estimated cost across the system - vacancy coverage, turnover, replacement - runs to roughly $30 billion a year.

Key Numbers

47%
US physician searches that remained open at year-end
400+
Physicians on Tessellate's waitlist
~$30B
Estimated annual cost of physician vacancy & turnover
7+
Signed health provider contracts

What should be available to you

You should be able to see what a job actually is before you commit to it. Not the brochure version. The real version.

You should be able to match your preferences - specialty, setting, location, call tolerance, case mix, practice style - against reality, privately, without your name attached to a recruiter's dashboard.

You should get a clear read on whether a role fits before anyone starts selling to you. And when you are ready to talk, it should be because you chose to, not because your contact information was shared.

These should not be radical ideas. For almost every other professional career decision, this is simply how it works. You research. You filter. You decide when and how to engage. Physicians have been the exception, and there is no good reason for it.

Why we're backing Tessellate

Tessellate is building the tool physicians should already have.

It starts by asking you what matters. Not in a generic checkbox way - in a substantive conversation about your specialty, your preferred case mix, your call tolerance, your family situation, where you want to live, what kind of team you want to be part of, and the non-negotiables you're not willing to bend on.

Then it matches you against the reality of every practice and health system in the country - open positions and otherwise. Because the right job for you might not be one that's actively recruiting. It might be a place where the fit is so strong that the conversation is worth having even before a posted opening exists.

That's a genuinely different model. Most platforms start with the employer's open roles and ask physicians to squint at them. Tessellate starts with the physician and asks the market to match. The physician is the center of the product, not the raw material of it.

When a match is strong enough that you want to explore it, you decide. You choose when to identify yourself. You choose who to engage with. You stay in control of your own career decision the whole way through.

We'll let Tessellate tell their own story on how the product works. What we'll say is why it matters: this is one of the very few companies we've seen where the physician is genuinely the customer. Not the employer. Not the recruiter. Not the intermediary who profits from volume. The physician. That orientation changes what the product has to do - and it changes the incentives of the entire market around it.

Why Ballad is backing this

A fair question: why would a health system invest in a company whose core promise is to give physicians more power in the hiring conversation?

We are not backing Tessellate because we want an unfair recruiting advantage. We are backing Tessellate because we believe the right physicians should find the right roles - even when that means a physician chooses somewhere else. If Ballad is the right fit, we want that match to be visible. If we are not, we would rather know why and improve.

Three more specific reasons:

The recruitment model is broken on our side too. We live inside the same system physicians navigate. We see the mismatched hires, the early departures, the cost of replacing a role we just filled eighteen months ago. Fixing physician hiring in the long run means being honest about what's broken for physicians, not just for the people trying to hire them. A tool that helps physicians make better decisions will, over time, produce better outcomes for everyone - including us.

We believe health systems should learn from aggregate, privacy-protected market signals about what physicians actually value - not because any one system should own that data, but because better information forces employers to build better roles. If physicians are consistently prioritizing autonomy, call structure, family support, governance, or clinical scope, health systems should respond by improving the reality of the work, not by polishing the pitch.

Some physicians may be surprised to find they match well with us. Ballad serves a rural region in the Appalachian Highlands. It is not the first place every physician imagines practicing. But when matching starts from what a physician actually wants - a case mix, a pace, a community, a way of living - some of them will find a stronger fit here than they expected. We are genuinely optimistic about that. And we are willing to be measured honestly against every other option in the country to find the people for whom this really is the right place.

What our investment does not give us

This matters enough to say plainly.

Our investment in Tessellate does not give Ballad access to individual physician profiles, private preferences, anonymous questions, match activity, or non-public Tessellate data. It does not allow Ballad to influence Tessellate's recommendations, rankings, matching logic, physician communications, or employer visibility.

Tessellate only works if physicians trust it. That trust requires physician control, consent-gated engagement, and independence from any one employer - including us. We invested with that boundary clearly drawn, and we want every physician using the platform to understand it.

Why this team

Paul Vernich has spent his career in physician recruitment and has seen every way the current model breaks - from the inside. He has been clear about why his previous company couldn't solve this problem: the incentives of fee-based placement pull everyone toward the fastest transaction, not the right fit. Building something different required starting over on the physician's side of the equation.

Addison Kremer brings the technical backbone - the kind of data and systems work that has to be right when trust is the product.

Early traction

  • More than 400 physicians on the pre-launch waitlist
  • 7+ signed health provider contracts
  • v1 of the physician app now live

What's next

The healthcare system asks a lot of physicians. It asks them to train for a decade, to carry the weight of decisions no algorithm should make, to be present for patients when no one else can be. The least it can do - the very least - is give them honest information when they are choosing where to do that work.

Congratulations to Paul, Addison, and the Tessellate team. We're proud to be part of this round.

If you are a physician thinking about your next move, Tessellate is worth knowing about. It is free for physicians, private until you choose to engage, and built around a simple idea: don't sign blind. You deserve to know the reality of a role before you commit your career, your family, and your future to it.

https://www.t8health.com

StrategyPartnershipsHealth SystemsPortfolio Company

What We're Looking For

Founders building tools that genuinely serve the professionals they claim to serve - in healthcare and beyond. We're especially interested in companies where the end user is the actual customer, not the byproduct.

Sources & References

AAMC - New Report Shows Continuing Projected Physician Shortage (Up to 86,000 physician shortage by 2036) https://www.aamc.org/news/press-releases/new-aamc-report-shows-continuing-projected-physician-shortage

AAMC - Addressing the Physician Workforce Shortage (7,488 Health Professional Shortage Areas, 74 million people affected) https://www.aamc.org/advocacy-policy/addressing-physician-workforce-shortage

HRSA National Center for Health Workforce Analysis - Physician Workforce Projections (December 2025) - Nonmetro areas projected at 42% supply adequacy (58% shortage) by 2038 https://bhw.hrsa.gov/sites/default/files/bureau-health-workforce/data-research/physicians-projections-factsheet.pdf

AMA - Cost of Physician Turnover and Burnout ($4.6B annually in lost productivity, reduced hours, and turnover; $979M excess patient care costs from primary care turnover) https://www.ama-assn.org/practice-management/physician-health/nearly-1-billion-excess-patient-costs-tied-physician-turnover

Healthcare Finance News - Cost of Burnout-Related Physician Turnover Totals $5 Billion Annually https://www.healthcarefinancenews.com/news/cost-burnout-related-physician-turnover-totals-5-billion-annually

AAG Health - Physician Shortages and Recruiting Challenges 2025 ($4.6B annual provider churn cost; 125-day wait times for primary care, 135-day for specialty) https://www.aag.health/post/physician-shortages-recruiting-challenges

Synergy Health Partners - Physician Burnout and Staffing Shortages: Effects on Rural Healthcare 2025 (Rural medical deserts serving 30M+ patients, only 9% of US physicians in rural areas) https://synergy-hp.com/blog/physician-burnout-and-staffing-shortages-the-further-effects-on-rural-healthcare-in-2025/

Annals of Internal Medicine - Physician Turnover Rates (43% increase in annual turnover rate between 2010-2018, highest among rural physicians) https://ravehealth.com/blog/combat-the-high-cost-of-physician-turnover/

Bureau of Labor Statistics - Physicians and Surgeons Occupational Outlook (23,600 projected annual openings) https://www.bls.gov/ooh/healthcare/physicians-and-surgeons.htm

Note: Aggregate $30B figure for provider vacancies & turnover reflects combined costs including recruitment, locum coverage, lost revenue from vacant roles, and turnover-related expenses, per Tessellate analysis of industry data.

Physicians Deserve a Better Way to Find Their Next Job | Ballad Ventures