With nearly half of all U.S. physicians experiencing burnout, along with nurses and other care team members, the financial costs to the field are mounting. A recent study in the Annals of Internal Medicine pegged physician burnout costs to the field at between $2.6 billion and $6.3 billion a year — with a calculated baseline of about $4.6 billion. These costs are associated with factors like turnover and reduced productivity.
The study further noted that health care organizations can achieve “substantial economic value” by investing the time and resources needed to reduce stress on doctors.
A new AHA Physician Alliance Well-Being Playbook offers a step-by-step plan to help hospitals and health systems reduce these costs and create a sustainable culture of well-being. The playbook highlights seven key steps, such as how to create an infrastructure for well-being, engaging your team, measuring well-being and designing interventions and implementing programs. Case studies are provided throughout the playbook that illustrate progress being made in the field.