The financial benefits of addressing physician burnout
A healthcare organization which employs 450 physicians could realize a 12.5 percent return on a $1 million investment to tackle physician burnout, according to a study published in JAMA Internal Medicine.
Tait Shanafelt, MD, of Stanford University, and coauthors said putting those kind of financial resources behind efforts to improve physician well-being can reduce burnout by 20 percent and cut overall turnover by 0.5 percent—or 20 percent of the 2.5 percent turnover rate attributable to burnout.
“Understanding the business case to reduce burnout and promote engagement as well as overcoming the misperception that nothing meaningful can be done are key steps for organizations to begin to take action,” the authors wrote. “Improvement is possible, investment is justified, and return on investment measurable.”
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John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.