According to the American Medical Association…
- Nearly 63% of physicians report signs of burnout such as emotional exhaustion and depersonalization at least once per week
- 1 in 5 doctors plan to leave their current practice in the next 2 years
- 1 in 3 doctors plan to decrease their work hours in the next 12 months
Chances are, some of your doctors are thinking about leaving or reducing hours.
Costs Of Losing A Doctor
According to a recent study by the American Medical Association, the cost to replace a physician who leaves their practice due to burnout can range from $500,000 to $1 million.
This includes the cost of recruiting and hiring a new physician, as well as the cost of lost billings and productivity. It can take 6-9 months to find and hire a new provider.
The cost of burnout is not just financial. It can also have a significant impact on patient care. When physicians are burned out, they are more likely to make mistakes, which can lead to patient harm. They are also more likely to be absent from work, which can lead to longer wait times for patients.
How We Can Help
According to the American Medical Association, one of the biggest reasons that doctors leave their organizations is that they don’t feel valued or heard.
In short, there’s a lack of alignment between the doctors and the administrators.
That’s where we come in.
We represent both the doctors and the health care administrators and facilitate alignment at the deepest levels.
We follow a simple 3 step process:
Step 1 – 360° Evaluation
We will conduct surveys with your doctors, administrators and all stakeholders in your organization to see what their biggest concerns are. The ones they might not feel comfortable sharing directly with each other.
Step 2 – Diagnostic Analysis
We will assemble the data and present it to you in an easy-to-understand manner.
From this analysis, you will be able to see:
- The overall Alignment Score of your organization
- Physician Satisfaction Score
- Physician And Administrative Burnout Score
- Identification of top, middle, and low priority issues to address
Step 3 – Recommendations And Implementation
We will help you get your organization aligned on how you can best serve the patients under your care.
We will also help doctors and administrators address the root cause of burnout using our proprietary tools.
Our goal is for you to know exactly what the issues are that are causing lack of alignment in your organization, and to know exactly what to do to fix them so that your doctors feel fulfilled and engaged in your organization.
Who We Are
We’re a team of a UCLA-trained psychiatrist and a healthcare administrator with a combined 30 years of experience in the field.
We bring the unique perspective of having both sides of the organization represented in our partnership. Administrators and providers.
Contact Us
You can reach us at mike@alignedcare.org to schedule a consultation call to see if we would be a good fit to work together.
You can also read our articles on Industry Insights here.