Here are the insights the AMA shared:
1. Financial costs. Turnover can be a result of physician burnout, which can drive up costs associated with physician recruitment.
2. Patient care revenue loss. Even when senior physicians can be replaced from a pool of residents and fellows, when organizations don’t realize the difference in skill and productivity, patient care revenue can be lost as a result.
3. Loss of productivity. When physicians experience burnout, they are often less productive.
More articles on turnarounds:
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
