Burnout’s High Cost: Why Prevention Is Worth the Investment

Summary: This discussion reveals the financial impact of burnout on the healthcare system, costing approximately $4.6 billion annually. The speaker explains how organizations lose an estimated $7600 per physician each year due to reduced hours or turnover. Investing in wellness initiatives, like coaching and technology, is positioned as a way to reduce costs and improve clinician satisfaction and retention.
Financial impact: Burnout costs $4.6 billion per year, primarily from reduced physician hours and turnover.
Organizational costs: Healthcare organizations lose $7600 per physician annually due to burnout.
Return on wellness investments: Initiatives like coaching and technology can improve retention and reduce burnout-associated costs.
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Any views expressed above are the author’s own and do not necessarily reflect the views of WebMD or Medscape.