Physician Burnout, the Enlightened CFO and the Business Case for Physician Wellbeing

If your CFO fully understood the financial impact of physician burnout, they could be your biggest C-Suite physician wellness champion. 

They could lead the Quadruple Aim charge by convincing the CEO, CMO and even the Board of Directors/Trustees to invest in the health and wellbeing of the providers. They could make a solid business case for a multifaceted return on investment (ROI) in physician wellness across the organization.

Why is this not taking place in every healthcare C-Suite on a regular basis?

In this blog post, let me show you the triple competitive advantage of physician wellbeing and why the enlightened CFO is a key ally in our burnout prevention efforts.

After COVID-19 is gone, what do you want your medical practice to look and feel like?

As I type this blog post it is 2/21/2021. For the first time in months, the infection, hospitalization and death rates of the coronavirus are in a free fall. We are vaccinating 1.6M people a day in the USA. Barring a variant wave in the next eight weeks, many of us can see an end to all of this, perhaps even before we wrap up the calendar year.

Now is the time to start planting the seeds of your post-pandemic medical practice. This is a once-in-a-lifetime opportunity to rebalance and de-stress your practice. There is a potential window of flexibility opening now that will last only a matter of months. How do you bridge the gap between what you have and what you really want?

The key is asking different questions and the time to get started is now.

Will the 2021 revised E & M codes restore some value to the intellectual side of patient management?

That question is open for now.

What does need to happen immediately is a change in your old coding habits. 

When you stop the old cut and paste of physical exam findings and learn how to use Risk and Decision Making properly - a Level IV visit will most likely become your new normal and Level V much simpler to justify. 

Learn Much More in our latest Physicians on Purpose Podcast:

POP Podcast 13:
2021 Evaluation and Management (E&M) Codes with Paul DeChant MD

Do not let down your guard or relax coronavirus precautions now: Two Additional Reasons Why.

There is a glimmer of relaxing and relief going on these days. I had a few happy tears with my first shot of the Moderna vaccine. It would not surprise me if you did too. 

You may feel like you can see a light at the end of the tunnel, that we are finally nearing the end of the pandemic. 

I don't want to harsh your mellow or be a fear monger here ... AND this appears to be a logistically clear time to keep your guard up. 

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A Sneaker Wave

Medscape's annual Physician Burnout Study is out

As usual it has a number of interesting findings and a number of things you will notice don't change from year to year ... like burnout rates from 40 - 50% unfortunately.

Let me give you the highlights and my comments in this blog post.

The full survey is behind a login at Medscape at this URL

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Get the Tools and Support to Be 
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Quadruple Aim Physician Leadership Retreat
Full Details at This Link
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Survey Methodology:

• Surveys filled out between August - November, 2020.
  So note the title of the Study Report is misleading. This is a 2020 survey report.
  
  
• Total of 12,339 practicing US physicians
  
  
• 10 minute online survey
  From the looks of the results it appears to have been selections from response options provided by the survey rather than typing in your answers.

Survey Highlights and Commentary: