VACANCY COST TOOL

What is an open position costing you?

Move the sliders to your numbers. The estimate updates as you go, so you can see what a vacancy adds up to while it stays open.
Revenue the role generates per year
$1,000,000
A single physician can generate roughly $1,000,000 a year. Set this to $0 for a role that does not bill directly.
Weeks the position stays open
12 weeks
Locum or temp coverage per week
$12,000 / wk
Set to $0 if you leave the position uncovered.
ESTIMATED COST OF STAYING VACANT
$374,769
Lost revenue while open
$230,769
Locum or temp coverage
$144,000
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This estimate is a planning aid based on the numbers you enter. Actual costs vary by role, setting, and market.