Future-Proofing Physician Leaders
Future-Proofing your physician leaders requires recruiting Gen Z physicians and preparing them to lead. It comes down to three basic areas of your recruitment and retention programs.
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Category: Retention
The ROI of Physician Recruitment & Retention: The Understated Truth
The return on investment (ROI) for combatting physician turnover and improving physician recruitment and retention isn’t just good—it’s surprisingly impressive. Let’s dive into how you can calculate yours.
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How physician leaders can improve employee retention
As an executive physician, you know the concerns surrounding unsustainable healthcare staff and leadership turnover.
High turnover rates have serious financial, professional, and patient-care implications. In 2023, 40% of healthcare professionals flat-out resigned, resulting in low employee morale and hundreds of millions in lost revenue.
Physicians applying for executive positions must understand the impact of employee turnover and prepare solutions to gain confidence from hiring committees. Understanding the healthcare staffing ‘leaky funnel’ will also help you secure a long-term leadership position.
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Focus on Retention: Questions to Ask a New Employee
When I hear from leaders, staffing is almost always at or near the top of the biggest issues they are facing. It seems we are constantly asking ourselves, Do we have enough staff? This question usually centers on the number of staff. If we are fortunate enough to have the needed numbers, then the discussion moves to items like, What is the experience level of our staff? Usually it is both. One, there’s not enough staff, and two, there’s a lot of inexperience in the staff.
There are no easy answers, or no answers at all.
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The Power of the Stay Interview
Many businesses are desperately seeking good employees right now. Yours may be one of them. But even if you’re not feeling the impact of the talent shortage yet, there’s a…
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