The purpose of this Financial Impact Tool is assist you in realizing the actual costs of provider turnover. These costs can include direct costs, such as advertising and recruiting services, but also indirect costs, such as staff time dedicated to finding locum tenens and permanent providers. This tool attempts to quantify the "tangible" costs involved in provider turnover.
This tool was produced in Excel format so that organizations can input values from their own records or use the included National Estimates based on physician data to help calculate the tangible costs of provider turnover at their sites. To access this tool, click here and a copy of the file will automatically download for your use. Be sure to "enable content" in Excel in order to edit the document with your information. If you have trouble with your download or would like to discuss this tool, please contact us.
Click here to access our STAR² Center Coffee Talk recording for a brief introduction to how to use this tool.