$3,681,818
Yearly cost of turnover in healthcare due to burnout
$500,000
Cost of replacing one physician
300
Physicians die by suicide each year
What is physician burnout? Physician burnout is a state of physical and mental exhaustion caused by prolonged exposure to stress. Physician burnout can wreak havoc on your personal and professional life as stress causes you to become more cynical and detached from your work, family, and friends.
There are many causes of stress and burnout for physicians and medical providers. While lack of personal resilience may be one cause, we believe organizational well-being, including a culture of wellness, removing hassle factors and leadership, accounts for an overwhelming majority.
Hassle factors are a key source of stress and burnout in the healthcare industry. Some of the common hassle factors are lack of timely delivery of instrument to the OR, the number of steps to accomplish a critical task, lack of specialty support deemed necessary for specific service, lack of communication between providers, communicating with admissions, attending unproductive meetings, discharge delays, transition of care to post acute, scheduling a procedure, and scheduling a consult.
Yearly cost of turnover in healthcare due to burnout
Cost of replacing one physician
Physicians die by suicide each year
It would be easy to put the impetus on the individual alone to remedy the problem, but it’s important to remember that the physician is only one part of a more complicated healthcare ecosystem. There are many cultural and organizational factors at play.
HLI (CTI) and its Physician Leadership Institute had a significant and positive impact on our physicians. Not only did they learn essential leadership skills, but also how to collaborate with others and think strategically, they were able to apply those skills immediately to projects that addressed important, real-world objectives for our health system!
I can’t say enough about HLI's (CTI’s) Leadership Fellowship! The lectures were relevant and engaging and the exercises really drove the lessons home. The opportunity to complete a 360 evaluation and have a personal coach make this far better than other conferences and classes I have attended. If you’re given the chance to participate, don’t hesitate. It’s well worth the time. You’ll learn about leadership; you’ll learn even more about yourself.
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