Physician retention plans help reduce costs and optimize revenues.

Paper

Physician retention plans help reduce costs and optimize revenues.

Published 1998 · K. Scott

Healthcare financial management : journal of the Healthcare Financial Management Association

UNKNOWN SJR score

19

Citations

2

Influential Citations

Semantic Scholar

Abstract

Recruiting primary care physicians can cost a large practice millions of dollars in recruitment expenses and lost revenue. And competition among practices to attract physicians can cause a position to remain unfilled for a year or longer. Thus, the ability to retain physicians is critical to the financial well-being of a practice. Successful implementation of a physician retention plan can help reduce turnover, improve morale among the physicians, and foster a perception of a practice as a health services provider of choice. Penn State Geisinger Health System, Danville, Pennsylvania, developed a physician retention plan for its multispecialty group practice of nearly 1,000 physicians to reduce its costs associated with physician recruitment. The plan is organized into four phases of physician employment: recruitment, preemployment, employment, and postemployment.

Study Snapshot

A physician retention plan can reduce turnover, improve morale, and foster a perception of a practice as a health services provider of choice, reducing costs and optimizing revenues.

PopulationOlder adults (50-71 years)

Sample size24

MethodsObservational

OutcomesBody Mass Index projections

ResultsSocial networks mitigate obesity in older groups.

Physician retention plans help reduce costs and optimize revenues.

References

Citations