Healthcare has never experienced such a challenging time with physician turnover and retention. A recent Mayo Clinic study showed that more than 60% of physicians reported burnout in 2022, up from 40% in 2020. One physician in five has plans to leave practice altogether (JAMA 2022), with an alarming 40% of medical practices last year reporting physicians left due to burnout. In this session, the speaker, a hospital medicine physician and CEO will impart invaluable lessons about what it takes to lead groups through these tumultuous times — and how he came out on the other side with an unprecedented 2.5% annual physician turnover rate through the past six years while achieving MGMA Better Performer recognition in 2022. The session will cover the state of physician retention in healthcare, the top factors that influence physician retention, and the 10 key strategies identified through 19 years of experience to enhance physician retention and prevent turnover. This speaker will facilitate the audience in reviewing and participating in several challenges his group encountered as a leadership team and will recommend tactics to address them. Attendees can expect to leave with valuable insight on leadership strategies to employ in their own programs to help strengthen physician retention.
Learning Objectives:
Distinguish current healthcare trends affecting physician retention
Distinguish key factors that influence physician retention
Prepare strategies to enhance physician retention and prevent turnover
