Have you added up how much a physician or advanced practice provider vacancy costs? If not, the numbers might be alarming.
Many factors contribute to the high costs of physician and APP vacancies, including search firm/agency costs, recruitment and interview expenses, lost revenue and physician burnout.
Recruitment and Interview Expenses
There are expenses associated with recruiting, and the longer a position is left open, the more those costs increase. According to the 2019 Benchmarking Report from the Association for Advancing Physician and Provider Recruitment, nearly two-thirds of o....