It’s harder than ever to hire and retain staff at medical practices. Here’s what you can do about it.
It’s harder than ever to hire and retain staff at medical practices. The so-called “Great Resignation” in the wake of the COVID-19 pandemic has created a vexing staffing environment for businesses of all kinds, but especially medical practices and other health care providers.
Furthermore, the challenge for practices is that staff members won’t put up with difficult internal cultures anymore, and a turbulent staff environment has a direct impact on the quality of the patient care you provide, said Heather Towery, MD, the vice president of clinical strategy for Eden Heath.
“Making sure your employees are in engaged is key to your success as a company,” Towery said.
Towery spoke during the HIMSS22 Global Health Conference in Orlando as part of a session called, “Better Patient Care Starts with Engaging Internal Culture.”
The data shared by Towery and her co-presenter, Krystle Castillo MSN, APN, FNP-C, was stark. One in 4 employees have voluntarily left their employment during the pandemic, according to Towery. That has a staggering cost for practices: It can cost 33% of an employee’s annual salary to replace them.
Employees have been quitting for a variety of reasons, said Towery, but the leading ones according to 2021 data from the Achievers’ Workforce Institute are:
Furthermore, nearly half (44%) of health care workers are interested in changing jobs, even if they have not seriously tried yet, Towery said.
The benefits of creating an employee engagement campaign to improve your culture can be transformative to your business by increasing profitability and productivity with corresponding decreases in turnover.
So what can practices do about this? There are four steps, Towery said.
1. Onboarding
2. Scheduling
3. Team Building
Design meaningful meeting structures. “Meet every day,” Towery said. “Huddling is important to get everybody together and get to know each other and what people do.”
4. Sense of Purpose
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.