The impact on revenue of physician turnover: an assessment model and experience in a large healthcare center.
Although physician turnover in a healthcare organization can incur substantial costs, little formal attention has been given to estimating or modeling the financial impact on revenues. To address this gap in available information, the current study proposes a model by which to estimate the impact on revenue of physician turnover. We designed a financial model that accounts for the physician's departure, the search period for a successor physician, the time and rate at which the incoming physician increases initial productivity to reach the practice norm, and the ability of the remaining physicians in the practice to recover revenue during the search period. This model and the potential revenue impact underscore the importance of minimizing physician turnover and offer specific opportunities to minimize the potential revenue impact.
Atkinson
William
W
Faculty Group Practice Administration, The University of Texas Medical Branch, Galveston, USA.
Misra-Hebert
Anita
A
Stoller
James K
JK
D006801:Humans; D017146:Models, Organizational; D010563:Personnel Turnover / Q000191:economics*; D010820:Physicians; D011216:Practice Management, Medical / Q000191:economics*; D014481:United States