Literature DB >> 35977052

Estimating the costs of physician turnover in hospital medicine.

Matthew A Pappas1,2, James K Stoller3,4, Victoria Shaker1, James Houser2, Anita D Misra-Hebert1,5, Michael B Rothberg1,5.   

Abstract

BACKGROUND AND
OBJECTIVE: Costs of physician turnover are lacking for specialties organized around a site of care. We sought to estimate the cost of physician turnover in adult hospital medicine (HM). DESIGN, SETTING, PARTICIPANTS: A retrospective cohort study within a large integrated health system between July 2017 and June 2020. To understand likely variation across the country, we also simulated costs using national wage data and a range of assumptions. MAIN OUTCOME AND MEASURES: Direct costs of turnover borne by our department and institution and indirect costs from reduced hospital billing. In our simulation, we measured costs per hired hospitalist.
RESULTS: Between July 2017 and June 2020, 34 hospitalists left the practice, 97 hospitalists were hired, and a total of 234 hospitalists provided adult care at six hospitals. Direct costs of turnover totaled $6166 per incoming physician. Additional clinical coverage required at times of transition was the largest expense, followed by physician time recruiting and interviewing prospective candidates. The salary difference between outgoing and incoming hospitalists was cost-saving, while reduced billing would add to indirect costs per hire. In our simulation using national wage data, programs hiring one hospitalist would spend a mean of $56,943 (95% CI: $27,228-$86,659), programs hiring five hospitalists would spend a mean of $33,333 per hospitalist (95% CI: $9375-$57,292), and programs hiring 10 hospitalists would spend a mean of $30,382 per hospitalist (95% CI: $6877-$53,887).
CONCLUSIONS: The financial cost of turnover in HM appears to be substantially lower than earlier estimates of the cost of turnover from non-hospitalist specialties.
© 2022 The Authors. Journal of Hospital Medicine published by Wiley Periodicals LLC on behalf of Society of Hospital Medicine.

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Mesh:

Year:  2022        PMID: 35977052      PMCID: PMC9547978          DOI: 10.1002/jhm.12942

Source DB:  PubMed          Journal:  J Hosp Med        ISSN: 1553-5592            Impact factor:   2.899


  9 in total

1.  Estimates of costs of primary care physician turnover.

Authors:  S B Buchbinder; M Wilson; C F Melick; N R Powe
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2.  Physician retention plans help reduce costs and optimize revenues.

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4.  The impact on revenue of physician turnover: an assessment model and experience in a large healthcare center.

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9.  Health Care Administrative Costs in the United States and Canada, 2017.

Authors:  David U Himmelstein; Terry Campbell; Steffie Woolhandler
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  9 in total

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