Tag: team
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Protecting One of Your Most Valuable Assets – Your Employees
Several studies show that the total cost of losing an employee can range from tens of thousands of dollars to 150 percent of the employee’s annual salary. There are also the “soft costs” of losing an employee, including lost productivity and lower employee morale if the practice incurs high turnover rates. According to a survey…
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Paying More Money Is Not the Best Way to Retain Great Staff
Medical practices are painfully in need of keeping their top employees. The time, costs and dangers of recruiting replacement personnel are just part of the issue. Loss of key team members negatively impacts patient care, practice profitability, and staff morale. All administrators agree the retention of a trained, well-performing and mutually cooperative staff is a…
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“Physician Leadership” Must Never be an Oxymoron
If there has ever been a time in the practice of medicine when leadership was needed, it is certainly now. Just a few of the challenges facing practices include: Payer encroachment on medical decision making is increasing; Payments for health care services are declining; Utilization review processes question the extent of treatment provided; Aging physicians…