2004
DOI: 10.1097/00004010-200401000-00002
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The Shocking Cost of Turnover in Health Care

Abstract: Review of turnover costs at a major medical center helps health care managers gain insights about the magnitude and determinants of this managerial challenge and assess the implications for organizational effectiveness. Here, turnover includes hiring, training, and productivity loss costs. Minimum cost of turnover represented a loss of >5 percent of the total annual operating budget.

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Cited by 428 publications
(366 citation statements)
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“…5,[49][50][51] In the early 2000s, the estimated cost of replacing a physician who left a practice was $250,000, and faculty turnover costs accounted for 5% of the annual budget in one academic health center. 50,51 Furthermore, the Council on Graduate Medical Education predicted a substantial shortfall of physicians by 2020.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…5,[49][50][51] In the early 2000s, the estimated cost of replacing a physician who left a practice was $250,000, and faculty turnover costs accounted for 5% of the annual budget in one academic health center. 50,51 Furthermore, the Council on Graduate Medical Education predicted a substantial shortfall of physicians by 2020.…”
Section: Discussionmentioning
confidence: 99%
“…5,[49][50][51] In the early 2000s, the estimated cost of replacing a physician who left a practice was $250,000, and faculty turnover costs accounted for 5% of the annual budget in one academic health center. 50,51 Furthermore, the Council on Graduate Medical Education predicted a substantial shortfall of physicians by 2020. 52 Our study suggests that career commitment might be improved by cultivating a sense of vocational identity (e.g., a sense of calling) while promoting a work environment in which physicians experience their work as being personally rewarding.…”
Section: Discussionmentioning
confidence: 99%
“…Workplace bullying has been found to be a significant predictor of turnover (Begley, 1998), which incurs substantial costs for the organisation (Waldman, Kelly, Arora & Smith, 2004). Workplace bullying has widespread negative effects on organisations because it affects not only the targets but also those who witness bullying behaviour.…”
Section: Bullying and Turnover Intentionmentioning
confidence: 99%
“…Frustration with productivity, career advancement, as well as balancing the gastroenterology career and family responsibilities may contribute to a female faculty member's decision to leave a faculty position [1]. This dissatisfaction of the female physician has become an important economic problem for academic medical centers since replacing a faculty member could cost an institution $115,000-$400,000 [10].…”
Section: Gender Responsibilities and Academic Gastroenterologymentioning
confidence: 99%