CirrusMD Study Reveals 45% Average Reduction in Employee Turnover For National Retailer Whose Workers Used Its Virtual Care Solution
CirrusMD's unique virtual care model drives up to 84% decrease in employee turnover for workers using its on demand solution more than once to instantly connect with doctors.
DENVER, Dec. 6, 2022 /PRNewswire/ -- CirrusMD today announced the results of a 15-month study measuring the effect of virtual care on employee turnover. The research study found a statistically significant correlation between virtual care utilization and lower employee turnover rates across all cohorts, including a 45% overall reduction among those who used CirrusMD's virtual primary care at least once.
CirrusMD Employee Turnover Study Methodology and Results
The research study analyzed eligibility file data from one of CirrusMD's national retail customers, combined with virtual health encounter data, to determine if there is a correlation between use of CirrusMD and reduced employee turnover.
The average across all employees revealed a 45% reduction in turnover among those workers who used CirrusMD's virtual care at least once versus no utilization. The research also showed reduced turnover rates across specific employee cohorts, including:
The Importance of Reducing Employee Turnover
Labor costs account for the largest operating expense at many US companies. To lower these costs, employers regularly look for ways to reduce employee turnover.
An April 2022 benchmark study by the Society for Human Resource Management (SHRM) found that the average cost to hire a new employee was approximately $4,700. With the additional hard and soft costs of recruiting, onboarding and training a new employee, the total cost can equal three to four times an employee's salary, according to Edie Goldberg, founder of talent management company E.L. Goldberg & Associates.
"This study demonstrates the positive impact that comes when employees are offered a genuinely different experience that conforms to the way they want to consume healthcare," said Jamie Hall, President & CEO, CirrusMD. "By enabling them to begin consulting with a physician on demand in less than 60 seconds, we've taken something that's traditionally been convoluted, time-consuming, and inequitable and made it effortless and inclusive."
CirrusMD is a different kind of virtual care company. In less than 60 seconds, patients begin chatting with one of our physicians, then dictate the pace and cadence of the encounter. CirrusMD's integrated care is delivered by multi-specialty, board-certified doctors who treat a broad range of conditions — from acute to chronic — across a spectrum of disciplines, from primary care to specialties including behavioral health and women's health. CirrusMD is available to nearly 10 million users across all 50 states, and offered through self-funded employers, as well as commercial and government-sponsored health plans.
Learn how CirrusMD is transforming virtual care at www.cirrusmd.com.
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