Counting The Cost of Burnout
Burnout has a dollar figure: medical errors, patient satisfaction, loss of productivity, and reputation and malpractice suits are all the downstream effects of wornout clinicians. While projecting these costs are completely a crap-shot, the cost of physician turnover is relatively easy to project. Based on the research of Cathrine Sinsky, MD, Tait Shanafelt MD, et al, the American Medical Association has created an easy to use tool so you can make the case to the C-Suite that organizational changes have to be made.
Cost of a Burntout Physician to an Organization: $7600
The Annals of Internal Medicine published a paper estimating that on a national scale, the conservative base-case model estimates that approximately $4.6 billion in costs related to physician turnover and reduced clinical hours is attributable to burnout each year in the United States.