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Financial Benefits of Enhanced Safety Measures
Investing in safety measures can lead to substantial financial benefits for physician groups. By reducing the likelihood of workplace injuries and malpractice claims, groups can save significantly on insurance premiums and legal costs. Furthermore, a safer workplace tends to attract and retain top talent, reducing turnover rates and associated recruitment costs. According to a study by the Occupational Safety and Health Administration (OSHA), businesses that implement effective safety programs can experience a return on investment of up to six dollars for every dollar spent2.